Deflationary pressures are still a real risk – BOJ’s Kuroda

By FXStreet FXStreet (Mumbai) – Bank of Japan (BOJ) governor Kuroda at Davos said Japan could reach target earlier or later depending on oil, but deflationary pressures are still a real risk.

Key Quotes on Oil and Inflation

Focus is that 2% CPI will be reached in second half of FY2016

Some countries are benefitting from lower oil prices

If you exclude energy, underlying inflation is 1-1.5%

Inflation will pick up once oil stabilizes

Japanese inflation expectations a well maintained now

Key Quotes on China

Doesn’t think China is faced with a hard landing

Chinese growth is quite respectable

Is relatively optimistic about Chinese growth prospects

Doesn’t think global economy is on the brink of sharp deflation
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Source:: FX Street