CPI to rise to 2.0% in FY2016 – BOJ’s Kuroda

FXStreet (Mumbai) - The Bank of Japan (BOJ) governor Kuroda, in the press conference on Friday said the CPI is expected to rise to 2.0% in FY 2016 as oil price effects slowly fade.

Kuroda added that long-term inflation expectations are gradually rising, and the bank shall continue easing until 2% inflation target is achieved. However, the governor reiterated once again that policy will be adjusted as needed.

Yet another time, the Governor stated that virtuous circle working in Japan's economy and that BOJ’s easing is having intended effects.