BoJ Governor Kuroda Stays Confident on Reaching 2 Percent Inflation Target

Bank of Japan Governor Haruhiko Kuroda reiterated on Wednesday that the economy is on track to meet the central bank’s 2 percent inflation target as planned, sounding confident about effects of its massive stimulus put in place about a year ago.

Japan’s economy is expected to continue to grow above its potential even after a sales tax rise in April, he said, but added that the BOJ will adjust policy if necessary while examining risks that would threaten its price goal.

The world economy is expected to continue a recovery, albeit at a moderate pace, Kuroda said in a speech at a symposium in Tokyo.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza