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22 Jan 2016
Deflationary pressures are still a real risk – BOJ’s Kuroda
FXStreet (Mumbai) - Bank of Japan (BOJ) governor Kuroda at Davos said Japan could reach target earlier or later depending on oil, but deflationary pressures are still a real risk.
Key Quotes on Oil and Inflation
Focus is that 2% CPI will be reached in second half of FY2016
Some countries are benefitting from lower oil prices
If you exclude energy, underlying inflation is 1-1.5%
Inflation will pick up once oil stabilizes
Japanese inflation expectations a well maintained now
Key Quotes on China
Doesn't think China is faced with a hard landing
Chinese growth is quite respectable
Is relatively optimistic about Chinese growth prospects
Doesn't think global economy is on the brink of sharp deflation
Key Quotes on Oil and Inflation
Focus is that 2% CPI will be reached in second half of FY2016
Some countries are benefitting from lower oil prices
If you exclude energy, underlying inflation is 1-1.5%
Inflation will pick up once oil stabilizes
Japanese inflation expectations a well maintained now
Key Quotes on China
Doesn't think China is faced with a hard landing
Chinese growth is quite respectable
Is relatively optimistic about Chinese growth prospects
Doesn't think global economy is on the brink of sharp deflation