BoJ Governor Haruhiko Kuroda offered a slightly more upbeat view on inflation today, in a quarterly meeting with regional branch managers. He said that consumer inflation was “moving around 1 percent”. That compared to the wordings of moving around 0.5 to 1 percent three months ago. On the economy, Kuroda maintained that it’s “expected to continue expanding moderately”.
On monetary policy, Kuroda reiterated that “the BOJ will make necessary policy adjustments to sustain the economy’s momentum to achieve the price target … while looking at risks that warrant attention.”
