BOJ's Haruhiko Kuroda sees expansion

Monday, 17/10/2016 | 06:00 GMT-0

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BOJ's Haruhiko Kuroda said today that the nation's economy has started to gradually expand, amid the consumer prices being close to negative, and almost flat, and the expectations that the central bank will be taking measures to support growth.

BOJ expects a moderate expansion

As per Kuroda's statement in the BOJ regional branch managers' meeting, Japan is estimated to expand within a moderate trend.

The Bank of Japan, as per its September statement, aims to expand its yield curve while moving away from any type of monetary base expansion.

Moreover, Kuroda highlighted that the Bank of Japan will continue expanding its monetary base until the 2% target on CPI is achieved.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/boj-s-haruhiko-kuroda-sees-expansion

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