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BOJ's Funo: Inflation to gradually accelerate toward 2%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Member of the Policy Board at Bank of Japan Yukitoshi Funo, said that inflation is set to gradually accelerate toward BOJ goal of 2%.

    Headlines via Reuters

    Japan's economy continues to recover moderately as a trend

    Japan's economy likely to continue expanding moderately

    Japan inflation to hover around zero for time being but gradually accelerate toward 2 pct

    Improvement in wage growth has been somewhat weak despite record corporate profits, falling jobless rate

    Export growth may undershoot forecast given falling growth expectations in emerging markets

    Eexpect companies to gradually become more active in investment

    Must be mindful of possibility investors' risk-aversive stance may cool corporate sentiment, capex

    Must be mindful of impact falling oil costs could have on inflation expectations of households, companies

    Will promote current easy monetary policy stance using 3 dimensions of quantity, quality of asset-buying as well as interest rates

    Must achieve price target while maintaining balanced economic growth where price rises are accompanied by wage increases

    Various steps to boost Japan's growth potential important to sustain positive economic cycle
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