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‘Japan economic fundamentals are strong’ – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Bank of Japan (BOJ) Governor Haruhiko Kuroda is now crossing the wires via Reuters, talking up on the Japanese economic outlook. He notes that Japan’s fundamentals remain strong and sees demand improving.

    Key Quotes:

    Bank of Japan has ability, strong determination to achieve 2 pct inflation at earliest date possible

    Japan economic fundamentals are strong

    Corporate and household sectors have improved a lot compared to a few years ago

    Going slow in trying to achieve 2 pct inflation will only make wage adjustment gradual

    Japan CPI rise likely to accelerate toward 2%

    Japan's price trend improving steadily

    China, other emerging markets clearly slowing, which is weighing on Japan exports

    Bank of Japan must be first one to act to dispel deflationary mindset, which is why it has promoted QQE

    July-sept GDP shows Japan's final demand is growing

    Companies have maintained bullish capex plans

    Price trend improving not just because of weak Yen but because more firms are raising prices of their goods amid improving job conditions

    There is uncertainty on outlook for china's economy and how much any pickup in its growth could help other east Asian economies

    Inflation to reach 2 pct around latter half of fiscal 2016

    Expect Japan to grow above its potential heading into next fiscal year

    Must be mindful of risk uncertainty surrounding emering economies could hurt Japan business confidence

    Bank of Japan won't hesitate acting if needed to
    achieve 2 pct inflation at earliest date possible

    Weak Yen is pushing up import prices, but price gains are spreading to broad range of goods
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