FXStreet (Mumbai) – The Bank of Japan (BOJ) Kuroda was on the wires today, reiterating that the bank would continue QQE until 2% inflation is stable.
Kuroda also added that the bank may adjust policy as needed. In his speech, the governor took a note of slowdown in the exports and imports, but added that consumer spending ticked higher in Q3.
He also assured markets that inflation as measured by the consumer price index would reach 2% once oil price impact fades.
(Market News Provided by FXstreet)