Kuroda: Positive outlook for Japan’s economy - TDS

Research Team at TDS, notes that the BoJ Governor Haruhiko Kuroda spoke in Nagoya to local business leaders and Kuroda maintained a positive outlook in Japan’s economy, saying it is likely to expand moderately as exports and output rebound as global demand picks up.

Key Quotes

"The BOJ will pursue powerful monetary easing and make policy adjustments as appropriate, taking into account economic, price and financial developments, to maintain the momentum toward achieving 2 percent inflation". He said he is paying attention to developments in FX markets after the yen moved to the weakest level since June. Kuroda repeating the Bank's recent view in its quarterly Outlook Report issued on Nov. 1, "Risks to both economic activity and prices are skewed to the downside, particularly those regarding overseas factors."