BoJ's Kuroda: 2% inflation target is necessary to achieve stable prices

Headlines continue to pour in from the BoJ post-meeting press conference, where the governor Haruhiko Kuroda added to his earlier comments and said that there is a need to achieve 2% inflation target. 

The target is necessary to achieve stable prices, though not desirable for the economy if only prices rise. Need more time to see the overall momentum in wages, Kuroda added further.