Bank of Japan (BOJ) Governor Haruhiko Kuroda is back on the wires now, via Reuters, noting that the central bank doesn’t expect cost-push inflation to lead to sustainable and stable price hikes.
Additional comments
“Employment, income conditions in Japan are rather weak now.”
“Aiming to create virtuous growth of price hikes entailing wage gains.“
“CPI to maintain around 2% growth over 12 months but will lower thereafter.”
Market reaction
USD/JPY remains at the mercy of the dynamics of the US dollar and the yields, currently trading at 127.00, down 0.09% on the day.