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FXStreet (Łódź) - Following the release of the minutes from the Bank of Japan last monetary policy meeting, governor Haruhiko Kuroda admitted that consumer prices were rising due to the weakening of the yen and increasing energy prices.

Speaking at parliament on Friday Kuroda also indicated that the rise in core CPI reflected price gains in case of a greater variety of goods, which points to growth of domestic demand.

Furthermore, the BoJ head suggested that it was too early to discuss an exit strategy from the central bank's quantitative easing program, as the 2% inflation goal hadn't been reached yet. He emphasized the importance of maintaining fiscal discipline in order to prevent an increase in government bond yields.
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