30 Apr 2015
BOJ did not discuss QQE exit – BOJ’s Kuroda
FXStreet (Mumbai) - The Bank of Japan governor Kuroda, at the press conference, said that the bank did not discuss QQE exit today and added that they are doing utmost to meet the 2% inflation target.
Kuroda said - the delay in reaching the 2% inflation target does not necessarily signal a delay in Abenomics, prices may move around zero for the time being but that doesn't run counter to the BOJs commitment to price goal, and sees no problem in BOJ communication with markets.
However, he expressly stated that there is no need to ease the policy further as the inflation expectations are rising on the whole from long-term perspective. Kuroda blamed sluggish consumption for the expected delay in achieving the inflation target.
Kuroda said - the delay in reaching the 2% inflation target does not necessarily signal a delay in Abenomics, prices may move around zero for the time being but that doesn't run counter to the BOJs commitment to price goal, and sees no problem in BOJ communication with markets.
However, he expressly stated that there is no need to ease the policy further as the inflation expectations are rising on the whole from long-term perspective. Kuroda blamed sluggish consumption for the expected delay in achieving the inflation target.