- fall in oil prices will help push up consumer prices in long term
- fall in oil prices will help boost economy in medium to long term, will weigh on prices in short term
- given the oil price drop it may be hard to imagine inflation accelerating in H1 FY 2015
- Russia’s economic situation won’t have much direct impact on Japanese economy
- sees no repeat of 1998 crisis from sharp fall in rouble price
- sustained wages increases in Japan crucial for sustained price gains
Into the Q&A now
USDJPY lower at 119.25 with nothing too dovish in his remarks so far
Kuroda – sees positive impact of oil price falls
