Bank of Japan Governor Haruhiko Kuroda said to Prime Minister Shinzo Abe that Japan’s inflation is slowing due to falling oil prices but there is no change in the long-term rising trend

Market news

24 March 2015

Bank of Japan Governor Haruhiko Kuroda said to Prime Minister Shinzo Abe that Japan’s inflation is slowing due to falling oil prices but there is no change in the long-term rising trend

The Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Tuesday that he held talks with Prime Minister Shinzo Abe on Monday. He told Abe that the country's economy continues to recover moderately, and that inflation will increase.

Kuroda said to Abe that inflation is slowing due to falling oil prices but there is no change in the long-term rising trend.

The BoJ governor also said on Tuesday that tapering asset purchases is one option to end quantitative easing.

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