Economy well on track to achieve 2% price target – BOJ’s Kuroda

FXStreet (Mumbai) – The Bank of Japan (BOJ) governor Kuroda once again assured the markets that the economy is on track to achieve the 2% inflation target and expressed readiness to make policy adjustments without hesitation if needed.

Key Quotes

Economic & price trends have clearly changed under QQE

Japan’s economy close to completing true regime change

BOJ to continue QQE as long as necessary to reach 2%, recent changes to BOJ policy not additional easing

Inflation sustainable only if supported by wage growth, QQE policy exerting intended effects

BOJ has unwavering determination to reach 2% target, ‘fortune favors the bold’ is apt advice for economy.

The Bank of Japan (BOJ) governor Kuroda once again assured the markets that the economy is on track to achieve the 2% inflation target and expressed readiness to make policy adjustments without hesitation if needed.

(Market News Provided by FXstreet)