BOJ Deputy Governor Nakaso: Japan price trend improving steadily
Bank of Japan Deputy Governor Nakaso:
- Japan price trend improving steadily
- Japan inflation likely to hover around zero pct until summer, then pick up pace rather quickly
- Expect CPI to reach 2 pct around first half of fiscal 2016
- No change to BOJ's stance of adjusting policy if needed, looking at upside, downside risks to economy, prices
- Exports slowing somewhat but expect slowdown to be temporary
- Must watch carefully whether expected fed rate hike affects emerging economies through unexpected reversal of global fund flows
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