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BOJ Kuroda: Japan Prices Weak V Tight Labor Market

From mninews.marketnews.com

Bank of Japan Governor Haruhiko Kuroda said Wednesday that consumer prices remain weak in Japan when compared with the economic expansion and the tightness of labor markets. "Weak price moves continue but prices for processed foods are raising. If price hike moves expand, corporate and household inflation expectations will rise gradually," Kuroda said at the Trust Companies Association of Japan. Kuroda, however, said that it will take time to achieve the 2% price stability target. "Various risks, including overseas economies, persist. We will manage monetary policy appropriately to keep a positive output gap as ... (full story)

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  • Category: Fundamental Analysis