BoJ's Kuroda: Will continue our monetary easing to achieve 2% inflation target – by eren_fxstreet BOJ USDJPY CentralBanks
"We will continue our monetary easing to achieve the 2% inflation target in a stable and sustainable manner," Bank of Japan Governor Haruhiko Kuroda said on Wednesday, as reported by Reuters."Once the impact of energy, and fuel price rises start waning, Japan's inflation rate will slow down to less than 2% in next fiscal year."
"Cannot simply jump to conclusion Japan will be able to achieve 2% inflation in two years, or one year's time, so that we can change monetary policy now." "At this week's IMF meetings, many emerging economies will probably complain about the almost universal rise in the dollar that made them raise"The third arrow of Abenomics, such as deregulation, had made some contribution but not so much with japan's potential growth still around 1%."USD/JPY continues to rise following these comments and was last seen trading at fresh multi-decade highs near 146.80, gaining 0.6% on a daily basis.
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