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21 Jan 2016
Recent flat core CPI growth due mostly to effect of Oil price falls – BOJ’s Kuroda
FXStreet (Mumbai) - Speaking in the Japanese parliament today, Bank of Japan (BOJ) Governor Kuroda blamed the negative effects of oil price falls for the recent flat core CPI growth.
Key Quotes:
QQE exerting intended effects
Japan's economy continues to recover moderately
Broad price trend improving, recent flat core CPI growth due mostly to effect of Oil price falls
Timing of when to hit 2 pct inflation will move around a bit depending on Oil price moves
Japan economy's fundamentals remain solid
Global stock price falls caused by investors' risk aversion amid further declines in Oil prices, uncertainty over china's economic outlook
Will continue to closely watch how recent market moves could affect economy, prices
Won’t hesitate adjusting policy if any change in broad price trend
Not thinking about adopting negative interest rates now
Key Quotes:
QQE exerting intended effects
Japan's economy continues to recover moderately
Broad price trend improving, recent flat core CPI growth due mostly to effect of Oil price falls
Timing of when to hit 2 pct inflation will move around a bit depending on Oil price moves
Japan economy's fundamentals remain solid
Global stock price falls caused by investors' risk aversion amid further declines in Oil prices, uncertainty over china's economic outlook
Will continue to closely watch how recent market moves could affect economy, prices
Won’t hesitate adjusting policy if any change in broad price trend
Not thinking about adopting negative interest rates now