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- BoJ’s Kuroda: CPI growth will fall below 2% next fiscal year as cost- push factors taper off
BoJ’s Kuroda: CPI growth will fall below 2% next fiscal year as cost- push factors taper off
Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Thursday, CPI growth will fall below 2% next fiscal year as cost-push factors taper off.
Additional comments
Recent price hikes due to cost-push factors.
Possible to achieve sustainable, stable inflation goal even thought it may take time.
Important to continue monetary easing to support economy.
Will closely coordinate with government to conduct appropriate policy.
Enhancing labor productivity is important more than ever to raise per-capita GDP growth.
Market reaction
USD/JPY is off the highs, trading at around 139.40, losing 0.09% on the day.
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