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MNI BRIEF: BOJ's Kuroda: Energy Prices Key To 2% CPI Duration

(MNI) Tokyo
TOKYO (MNI)
PolicyAPACBank of Japan (BOJ) Market NewsJapanBank of JapanBriefStoryPolicy StoryRegionCentral Bank

Bank of Japan Governor Haruhiko Kuroda said on Friday that Japan’s consumer price index around 2% will likely last for one year unless energy prices plunge sharply.

Kuroda told lawmakers that the year-on-year rise of core CPI will likely fall as the positive contribution from energy will wane but other consumer prices will likely rise gradually, updating remarks made on Thursday, (See MNI BRIEF: BOJ's Kuroda: 2% CPI Unlikely Sustained Long-Term).

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Bank of Japan Governor Haruhiko Kuroda said on Friday that Japan’s consumer price index around 2% will likely last for one year unless energy prices plunge sharply.

Kuroda told lawmakers that the year-on-year rise of core CPI will likely fall as the positive contribution from energy will wane but other consumer prices will likely rise gradually, updating remarks made on Thursday, (See MNI BRIEF: BOJ's Kuroda: 2% CPI Unlikely Sustained Long-Term).

Keep reading...Show less