Inflation expectations rising on the whole from long-term perspective – BOJ’s Kuroda

FXStreet (Mumbai) - The Bank of Japan governor Kuroda, in his press conference, said today that CPI is likely to reach 2% in period centering on fiscal year 2015/16, and that long-term inflation expectations are rising.

Kuroda added that the BOJ will continue QE as long as needed to achieve the inflation target in a stable manner and reiterated that the policy will be adjusted in case of upside and downside risks as necessary.

The governor expressed confidence in the moderate economic recovery, while stating that “positive cycle is working” in Japan. He also expects the indsutrial output to recover moderately.