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While speaking in the Japanese parliament on Wednesday, the Bank of Japan (BoJ) Governor Haruhiko Kuroda reiterated that inflation is slowly moving towards 2% price target.

Additional Comments:

“It is my duty to continue persistently easing policy”.

Companies are becoming less cautious over wages.

Households are also becoming less cautious over prices.

The overall financial system maintains stability.

Need to watch out for side effects of easing policy.