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TOKYO (MNI) - There is a strong possibility Japan's economy will continue
its moderate expansion, although the BOJ needs to pay attention to developments
around protectionism and global financial markets, Bank of Japan Governor
Haruhiko Kuroda said Friday.
Kuroda also warned prices were still slow to pick up, despite Friday's data
showing a modest uptick in headline inflation in September.
"Compared with the economic expansion and the tightness of labor market
conditions, price moves remained weak," Kuroda said at the credit union meeting
Other key points from Kuroda's speech:
--It is vital for the BOJ to keep up the momentum toward the 2% price
target, by maintaining the current powerful easy policy.
--People's inflation expectations are expected to rise once corporate
price-hike moves widen amid the improving output gap, and Japan's inflation rate
rise is likely to accelerate and move toward the 2% price target.
--July's policy decisions will ensure the stability of economic and
financial conditions, and help achievement the 2% price target at the possible
--The BOJ will examine the risks considered most relevant to the conduct of
monetary policy and make policy adjustments as appropriate, taking account of
developments in economic activity and prices as well as financial conditions.
--Financial conditions remain very accommodative, but there are no signs of
overheating asset prices and economic activities.
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