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BOJ's Kuroda - Still some distance to achieving the 2 pct inflation target

Bank of Japan (BOJ) Governor Kuroda stressed the need to keep the powerful monetary easing in place in order to achieve the 2 percent inflation target.

Key quotes (Source: Reuters)

  • Expect Japan's economy to steadily move toward achieving 2 pct inflation
  • BOJ will proceed with powerful monetary easing under yield curve control
  • Japan's economy enjoying growth driven by well-balanced support from external, domestic demand
  • Expect prices of processed goods, daily necessities to accelerate as private consumption increases gradually
  • Expect inflation, wages to accelerate ahead and help heighten inflation expectations
  • Japanese households becoming more accepting to price hikes, more retailers raising prices

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