The BoJ Governor Haruhiko Kuroda, speaking at the Japanese Trust Banks Association meeting in Tokyo, said that consumer prices are rising as a trend but remains on a weak note compared with expansion in the economy, tightening labour market.
Additional quotes:
“¢ Inflation likely to gradually accelerate towards 2%.
“¢ Japan’s economy is expanding moderately and exports are on a rising trend.
“¢ Must be vigilant to recent protectionist moves.
“¢ Vital to continue easing persistently.
“¢ See no excesses building up in Japan’s financial system.
“¢ Profitability of regional financial institutions falling as a trend due to a declining population, falling number of firms, prolonged low rates.
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