Bank of Japan Governor Haruhiko Kuroda believes the 2% inflation target will be reached

Market news

30 April 2014

Bank of Japan Governor Haruhiko Kuroda believes the 2% inflation target will be reached

Bank of Japan Governor Haruhiko Kuroda said today:

- The negative impact of the tax increase in April is within expectations;

- Three of the BOJ's nine board members do not believe that Japan’s inflation will reach 2% around fiscal 2015 from just over 1% now;

- He expects that the inflation will reach the 2% target, but he said nothing about the time period;

- He repeated that Japan’s central bank will implement additional stimulus measures if needed.

German unemployment dropped more than analysts’ expectation

Market participants are expecting the Fed will keep monetary policy steady as expected: interest rates will remain unchanged, QE program will be tapered by another $ 10 billion per month

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