15 Jul 2015
Will continue to closely monitor Chinese stock markets – BOJ’s Kuroda
FXStreet (Mumbai) - The Bank of Japan governor Kuroda stated in his press conference that the bank will closely monitor Chinese stock markets. The rout in the Chinese stocks witnessed earlier this month had attracted global attention and pushed up the Japanese Yen.
On Japanese economy
Kuroda said the inflation expectations appear to be rising on the whole from long-term perspective, although some BOJ board members were more cautious on price outlook. Kuroda added that economy will continue growth above its potential through FY 2017 and the CPI is likely to likely to reach 2% around H1 of FY 2016/17 if oil prices move as forecast.
On Japanese economy
Kuroda said the inflation expectations appear to be rising on the whole from long-term perspective, although some BOJ board members were more cautious on price outlook. Kuroda added that economy will continue growth above its potential through FY 2017 and the CPI is likely to likely to reach 2% around H1 of FY 2016/17 if oil prices move as forecast.