‘Japan economic fundamentals are strong’ – BOJ’s Kuroda

By FXStreet FXStreet (Mumbai) – Bank of Japan (BOJ) Governor Haruhiko Kuroda is now crossing the wires via Reuters, talking up on the Japanese economic outlook. He notes that Japan’s fundamentals remain strong and sees demand improving.

Key Quotes:

Bank of Japan has ability, strong determination to achieve 2 pct inflation at earliest date possible

Japan economic fundamentals are strong

Corporate and household sectors have improved a lot compared to a few years ago

Going slow in trying to achieve 2 pct inflation will only make wage adjustment gradual

Japan CPI rise likely to accelerate toward 2%

Japan’s price trend improving steadily

China, other emerging markets clearly slowing, which is weighing on Japan exports

Bank of Japan must be first one to act to dispel deflationary mindset, which is why it has promoted QQE

July-sept GDP shows Japan’s final demand is growing

Companies have maintained bullish capex plans

Price trend improving not just because of weak Yen but because more firms are raising prices of their goods amid improving job conditions

There is uncertainty on outlook for china’s economy and how much any pickup in its growth could help other east Asian economies

Inflation to reach 2 pct around latter half of fiscal 2016

Expect …read more

Source:: FX Street