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6 Mar 2018
It takes time to change the deflationary mindset - BoJ Kuroda
Bank of Japan (BOJ) governor Kuroda is speaking in Japan's parliament today, addressing the upper house during his confirmation hearing.
Key highlights:
- BOJ is keeping their fiscal policy, financial conditions as accommodative as possible.
- BOJ will continue to work with the Japanese government to end deflation.
- The priority is still to achieve the 2% inflation target.
- The BOJ expects inflation to reach 2% sometime in the 2019 fiscal year.
- Despite positive figures, the 2% target is still distant.