17 Mar 2015
High chance of meeting the inflation target around FY2015 – BOJ’s Kuroda
FXStreet (Mumbai) - The Bank of Japan (BOJ) governor Kuroda, in his press conference, said today that there is a high probability of the bank achieving its inflation target of 2% in FY2015.
He added that prices could accelerate “a lot” in second half of FY2015, while emphasizing that the bank remains committed to achieving its price target in earliest possible time. Kuroda also added that the BOJ is not buying the ETFs in order to prop up the stock markets. As per Kuroda, the Japanese stock prices are not deviating significantly from the corporate earnings.
He added that prices could accelerate “a lot” in second half of FY2015, while emphasizing that the bank remains committed to achieving its price target in earliest possible time. Kuroda also added that the BOJ is not buying the ETFs in order to prop up the stock markets. As per Kuroda, the Japanese stock prices are not deviating significantly from the corporate earnings.