Free Trial

MNI BRIEF: BOJ's Kuroda: 2% CPI Unlikely Sustained Long-Term

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Thursday that inflation will stay around 2% for now, but that level is unlikely to be sustained.

He added that the BOJ will have to keep the stability of markets when the bank proceeds to an exit of easy policy in the future. “It is not easy (for the BOJ) to proceed an exit strategy, while maintaining the stability of markets. But I believe the BOJ can do it,” Kuroda said (See MNI INTERVIEW: Near-Term Inflation Risks Rise-Ex BOJ Economist.)

Separately, Prime Minister Fumio Kishida at the same panel said that a rapid movement in forex rates is undesirable and there are both positive and negative impacts of a weaker yen.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.