BoJ's Kuroda: No change in central bank's stance to achieve the 2% price target

Dhwani Mehta FXStreet

The Bank of Japan (BoJ) Governor Kuroda is back on the wires now, via Reuters, noting that the BoJ needs to continue easing persistently to reach the price target.´

Additional Comments:

No change in the central bank's stance to achieve the 2% price target.

Wants to keep a close watch on the effects of trade protectionism.

BoJ needed a big policy change in 2013 because of deflation.

A rate hike might weaken economy.

BoJ needs to keep strong commitment with 2% target.

A rate hike may not help Japanese banks.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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