16 Apr 2014
BoJ Kuroda keeps optimistic view on the economy
FXStreet (Bali) - Bank of Japan Governor Haruhiko Kuroda remained optimsitic on the economic prospects of Japan going forward, noting that he expects the economy to resume growth above its potential once the negative impact of the sales tax hike is out of the way.
"it's true that the tankan survey showed a wide range of companies, especially among automakers and retailers, holding a more cautious view about the economic outlook," Kuroda told a parliamentary session, cited by Reuters, although the BoJ Governor added that "the level (of confidence) remains high and corporate capital spending plans for fiscal 2014/15 is solid... companies' positive stance is maintained."
On inflation, Kuroda said that "Japan is making steady progress toward boj's 2 pct price target so far", adding that "I expect wider range of prices in japan to rise ahead."
"it's true that the tankan survey showed a wide range of companies, especially among automakers and retailers, holding a more cautious view about the economic outlook," Kuroda told a parliamentary session, cited by Reuters, although the BoJ Governor added that "the level (of confidence) remains high and corporate capital spending plans for fiscal 2014/15 is solid... companies' positive stance is maintained."
On inflation, Kuroda said that "Japan is making steady progress toward boj's 2 pct price target so far", adding that "I expect wider range of prices in japan to rise ahead."