The Bank of Japan Governor Haruhiko Kuroda said at the Annual Tokyo Conference today:

• The economy is on track to meet the 2% inflation target of the central bank;
  
• The Bank of Japan will continue its Quantitative and Qualitative Easing to achieve its 2% inflation target within 2 years;
  
• The current economic recovery could be the key to resolve Japan’s longer-term issue of supply shortages;
  
• The increase of inflation expectations seem to have started to influence actual wage and price settings;
  
• Labour supply could be an issue in the near future in various forms due to the demographic trends.