BoJ Kuroda speaking: Price target can be achieved

FXStreet (Bali) - Bank of Japan Governor Kuroda is speaking to the Japan Society in New York, with the topic of the prepared speech being "Moving Forward: Japan's Economy under Quantitative and Qualitative Monetary Easing", and a Q&A to follow.

Main headlines

Says price target can be achieved

Oil should have favourable impact on economy in long run

says inflation target can be achieved despite oil price drop

Cites rising wages, says Japan's labor market tightening

Abenomics has corrected excessive yen appreciation

Firms more confident in outlook spurring fixed investment

Corporate profits expected to remain high

Recent weakness in exports & production temporary

Need to watch risks in global financial markets

Deflation tends to become rntrenched once it starts