CPI will be around 0.0% for the time being – BOJ’s Kuroda

FXStreet (Mumbai) - The Bank of Japan governor Kuroda, in his press conference, acknowledged the low inflation situation by stating that inflation is likely to stay around zero levels for the time being.

Kuroda assured markets that inflation is expected to hit the 2% target by H2 of FY 2016, a point noted in the BOJ’s semi-annual report released few minutes ago.

Key Quotes

Japanese growth will exceed potential in FY2015 & 16

Recovery moderate despite EM slowdown

The virtuous economic cycle is working in the economy