Search ForexCrunch

Bank of Japan (BOJ) Governor Kuroda said on Tuesday that the Japanese economy is expanding moderately but the momentum to achieve the central bank’s inflation  target of 2 percent lacks steam.  

Key quotes (Source: Reuters)

  • Japan’s economy expanding moderately.
  • Economy sustaining momentum to achieve BOJ’s price goal but that momentum lacks steam.
  • Still some distance to achieving price goal.
  • Must be mindful of uncertainties on economic, price outlook.
  • Appropriate to continue current easing persistently.
  • Wages, consumption slowly picking up.