The questions for Kuroda will continue.
Today's CPI report showed 2.5% headline and 2.1% core prices. Kuroda acknowledged that but also said that he's forecast 2% inflation for awhile and that it's not sustainable in Japan.
For its part, the yen was largely unmoved by the data and Kuroda's comments. It's set for a second doji in a row.
More:
- Japanese inflation excluding energy and fresh food likely to rise quite steadily ahead
- Expects Japan's inflation to gradually pick up in tandem with rise in wages by maintaining powerful monetary easing
There's no sign in the BOJ abandoning yield curve control here.
