QQE policy has a risk for BOJ’s finances – BOJ’s Kuroda

By FXStreet FXStreet (Mumbai) – Bank of Japan (BOJ) Governor H. Kuroda is crossing the wires now, reiterating that the central bank is ready to take the necessary steps to achieve the 2% price target.

Key Quotes:

Price trend expected to continue improving, Japan inflation will steadily head toward 2 pct target

Japan’s economy improving gradually

Pace of wage growth somewhat slow when considering very tight job market, record high corporate profits

Have absolutely no plan to change boj’s 2 pct inflation target

Expects inflation to reach 2 pct around latter half of fiscal 2016, though timing may move somewhat depending on Oil price moves

No plan to ease policy now

Won’t hesitate to adjust policy if needed to hit price target

QQE policy has a risk for BOJ’s finances
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Source:: FX Street