Still more from BOJ Gov Kuroda - Japan inflation driven mainly by higher energy costs

  • Kuroda repeating for the umpteenth time that inflation needs to come from other factors

Earlier posts:

More to add from K now:

  • recent fall in yen's real, effective level reflects Japan's low inflation compared with that of its trade partners
  • Japan's consumer inflation may accelerate to around 2% from April but it will be driven mainly by rising energy costs
  • BOJ's goal is to generate a positive cycle under which corporate profits, jobs and wages rise in tandem with gradual increase in inflation
Kuroda

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