Bank of Japan (BOJ) Governor Kuroda: Says easing is not necessarily limited to 2 years (ForexLive)

Quote from the Yomiuri newspaper (interview with BOJ Governor Kuroda) and reported on the wires (source, Bloomberg).



The Yomiuri Shimbun is one of the five national newspapers in Japan & part of the Yomiuri Group, Japan’s largest media conglomerate.



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Happy New Year Mr. K. Now, please shut up so we can enjoy the holiday



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Added: Thanks to the truly excellent folks at Bloomberg we have the details of the Yomiuri newspaper interview. The Yomiuri English language website is not updating today; ordinarily it would, even on a Japanese holiday, but Yomiuri is moving its operations into a new buliding today! But, that hasn’t stopped the Bloomberg reporters. Kudos indeed.

• BOJ Governor Haruhiko Kuroda said the central bank won’t necessarily end or scale back its stimulus program in 2 yrs, and will continue it until inflation stabilizes at 2%


• Kuroda said achieving 2% inflation in 2 yrs is the BOJ’s goal


• Says that while economic growth rate will probably drop in the April-June quarter (the consumption tax rate will be raised to 8% from 5% in April), it will improve after that


• Kuroda said he isn’t very worried about the impact of the tax increase

Originally Published on FX Times

by InformedTrades via InformedTrades