BoJ's Kuroda: expect consumer prices to rise gradually from here on

Market news

16 June 2017

BoJ's Kuroda: expect consumer prices to rise gradually from here on

Taking time to end deflation mindset in Japan
Job market has tightened further, which is clearly putting pressure on wages
Rising wages will lead to higher selling prices, service prices
We will adjust monetary policy as needed in order to maintain momentum towards 2 pct price target
It's true that prices are not rising in Japan despite improving output gap

Yen falls to two-week low of 111.380 yen per dollar as Bank of Japan's Kuroda speaks

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