Observing stock activity at a desk
Markets

BOJ's Kuroda: Japan inflation will steadily head towards 2% target

Bank of Japan (BOJ) Governor Kuroda speaking in parliament today

  • Price trend expected to continue improving
  • Japan inflation will steadily head towards 2% target
  • Japan's economy improving gradually
  • Pace of wage growth somewhat slow when considering very tight job market, record high corporate profits
  • Have no plan, and no need, to change 2% inflation target
  • Won't hesitate to adjust policy if needed
  • No plan to ease policy now

  • QQE policy has a risk for BOJ's finances
  • Japan's potential growth rate is at or below 0.5%

-

Is Kuroda right to be confident?

I haven't taken a look at the UTokyo inflation index for a while:

Looks to be flattening out?

Its recently had some changes made:

We are pleased to announce important changes regarding the UTokyo Daily Price Index from January 2016.The number of stores from which prices are collected and the number of items covered will be substantially increased, and several new series, such as the frequency of temporary sales, will be added.Along with this, the name of the index will change to

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos