BOJ's Morimoto says Japanese CPI is likely to accelerate

  • will head toward 2% target in latter half of next fiscal year (2015)

  • various data shows inflation expectations heightening as a trend

  • uptrend in prices intact despite downward pressure from oil prices

  • weak yen is a plus for corporate profits, asset prices but likely had some effect in weak consumer sentiment

BOJ board member speaking in Chiba, Japan and on the wires

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