BOJ Gov. Kuroda says Japanese CPI is likely to fall back under 2% next fiscal year

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BOJ Gov. Kuroda says Japanese CPI is likely to fall back under 2% next fiscal year

<p>Bank of Japan Governor Kuroda</p><ul><li> Japan's economy picking up</li><li>Japan's economy likely to recover as impact of supply constraints, pandemic eases</li><li>Japan's economy likely to recover as impact of supply constraints, pandemic eases</li><li>Uncertainty regarding Japan's economy extremely high</li><li>Must be vigilant to impact of fx, market moves on economy, prices</li><li>BOJ will maintain easy monetary policy to sustainably, stably achieve 2% inflation accompanied by wage growth</li><li>Japan's consumer inflation likely to slow back below 2% next fiscal year</li><li>            <p> Japan's consumer inflation recently exceeded 2% but that is almost entirely driven by firms passing on rising import costs to consumers</p></li><li><p>Must leave room for policy response to ensure japan never returns to deflation</p></li><li><p>We may be seeing slight signs of changes in firms' cautious sentiment that was behind prolonged deflation</p></li><li><p>rapid, one-sided forex moves are not desirable</p></li><li><p>BOJ policy decisions take into account various factors, including the impact of forex moves on the economy </p>  </li></ul><p>---</p><p>Nothing in these comments indicate a change in policy from the BOJ is coming any time soon. </p><p>ps. Japan's fiscal year begins on April 1. </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: BOJ Gov. Kuroda says Japanese CPI is likely to fall back under 2% next fiscal year

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