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.