FXStreet (Mumbai) – In an interview on Thursday for CNBC, Bank of Japan (BOJ) Governor Haruhiko Kuroda said that he doesn’t see any bubbles emerging in the Japanese economy and he is not worried about the yen.
Key Quotes:
“We don’t think there is any asset bubble or stock market bubble, but we will continue to monitor carefully,”
“Our target is 2% consumer price inflation and not just touching 2% and inflation should stay at 2% for the coming years,”
“And as you know almost all major central banks aim at 2%…I think the target is reasonable.”
“The Federal Reserve is likely to normalize its monetary policies because the US economy is the strongest among the three economies. The euro zone and Japan’s economies are not as strong as the US’s, so I think Europe and Japan will continue QE for some time.”
(Market News Provided by FXstreet)