20 Mar 2015
BOJ can achieve 2% inflation target "around fiscal 2015" – BOJ Kuroda reiterates
FXStreet (Mumbai) - In a speech to the Foreign Correspondents' Club of Japan, Bank of Japan (BOJ) Governor Haruhiko Kuroda reiterated the statement that the Japanese central bank can achieve its 2% inflation target "around fiscal 2015" ending March 31, 2016.
Key Quotes:
"(BOJ) will make adjustment as necessary without hesitation, when there are changes in the underlying trend in inflation, especially in developments in inflation expectations, in order to achieve the price stability target at the earliest possible time,"
Markets won't draw "unwarranted conclusions" that the bank will ease monetary policy again if they know that the underlying slowdown in consumer inflation is due largely to slumping oil prices.
"Under QQE, the deflationary mindset is steadily being dispelled."
Key Quotes:
"(BOJ) will make adjustment as necessary without hesitation, when there are changes in the underlying trend in inflation, especially in developments in inflation expectations, in order to achieve the price stability target at the earliest possible time,"
Markets won't draw "unwarranted conclusions" that the bank will ease monetary policy again if they know that the underlying slowdown in consumer inflation is due largely to slumping oil prices.
"Under QQE, the deflationary mindset is steadily being dispelled."