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13 Apr 2015
Kuroda: Japanese CPI expected to stay around zero – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team gives an update regarding the key developments in the Japanese market – data releases, and BoJ Kuroda’s comments on inflation and easing.
Key Quotes
“…economic data was heavily concentrated around Japan, where money supply data met consensus, machine order decline was smaller than expected, and corporate goods inflation was higher than estimated.”
“Despite the more upbeat results, BOJ Gov Kuroda reiterated core CPI is expected to stay around zero for time being due to energy prices, pledging to maintain QQE for as long as needed to stably hit 2% inflation.”
“BOJ also released its minutes from the mid-March meeting where it issued a familiar assessment calling for economy to continue moderate recovery as inflation expectations rise from a longer-term perspective.”
Key Quotes
“…economic data was heavily concentrated around Japan, where money supply data met consensus, machine order decline was smaller than expected, and corporate goods inflation was higher than estimated.”
“Despite the more upbeat results, BOJ Gov Kuroda reiterated core CPI is expected to stay around zero for time being due to energy prices, pledging to maintain QQE for as long as needed to stably hit 2% inflation.”
“BOJ also released its minutes from the mid-March meeting where it issued a familiar assessment calling for economy to continue moderate recovery as inflation expectations rise from a longer-term perspective.”