Recent flat core CPI growth due mostly to effect of Oil price falls – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Speaking in the Japanese parliament today, Bank of Japan (BOJ) Governor Kuroda blamed the negative effects of oil price falls for the recent flat core CPI growth.

    Key Quotes:

    QQE exerting intended effects

    Japan's economy continues to recover moderately

    Broad price trend improving, recent flat core CPI growth due mostly to effect of Oil price falls

    Timing of when to hit 2 pct inflation will move around a bit depending on Oil price moves

    Japan economy's fundamentals remain solid

    Global stock price falls caused by investors' risk aversion amid further declines in Oil prices, uncertainty over china's economic outlook

    Will continue to closely watch how recent market moves could affect economy, prices

    Won’t hesitate adjusting policy if any change in broad price trend

    Not thinking about adopting negative interest rates now
    For more information, read our latest forex news.

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