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Economy well on track to achieve 2% price target – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The Bank of Japan (BOJ) governor Kuroda once again assured the markets that the economy is on track to achieve the 2% inflation target and expressed readiness to make policy adjustments without hesitation if needed.

    Key Quotes

    Economic & price trends have clearly changed under QQE

    Japan's economy close to completing true regime change

    BOJ to continue QQE as long as necessary to reach 2%, recent changes to BOJ policy not additional easing

    Inflation sustainable only if supported by wage growth, QQE policy exerting intended effects

    BOJ has unwavering determination to reach 2% target, 'fortune favors the bold' is apt advice for economy.
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