Earlier posts are here:
Japan PM Kishida says recent yen moves driven by numerous factors, wants it stabilised
Bank of Japan Governor Kuroda on how Japan core CPI will stay around 2% for the next year
There is a little more to add from both Kuroda and Kishida. I've repeated the above comments below and added the extras. All come via Reuters:
Kuroda:
- unless energy prices drop sharply, Japan's core cpi likely to remain around 2% for about 12 months
- BOJ will continue to work closely with govt, strive to achieve 2% inflation target
- prices won't rise sustainably, stably unless accompanied by wage hikes
Kishida:
- recent rise in Japan prices driven mostly by global rise in fuel, raw material costs
- steps to avoid outflow of funds from japan, such as promoting renewable energy and inbound tourism, will contribute to stabilising FX moves
- recent yen moves driven by various factors, govt's priority is to help ease pain on households, businesses via various policy measures
- govt to proceed with efforts to help raise wages with responsibility
- expects BOJ to continue efforts to achieve inflation target based on govt-BOJ joint statement
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Kuroda repeating again he does not see the current (relative for Japan) high CPI as sustainable.
