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Corporate sentiment at favourable level – BOJ’s Kuroda

FXStreet (Mumbai) - The Bank of Japan (BOJ) governor Kuroda, while speaking at the press conference, said the corporate sentiment is at a favourable level and the Tankan survey shows the firms are prepared to invest.

Kuroda reiterated that the virtuous economic cycle is working in Japan and added that the industrial output is likely to recover gradually.

Key Quotes

“Monetary easing is having intended effects, will keep easing until 2% inflation is stable”

“CPI to reach 2% target around H1 2016, timing may change depending on oil price”

“Exports likely to remain flat for the time being, but shall increase moderately ahead”

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