Bank of Japan (BOJ) Governor Kuroda comments from Portugal over the weekend:

  • "We expect inflation rate to start to accelerate in the second half of fiscal 2015 and reach around 2 percent in or around the first half of fiscal 2016"
  • "The latest data point can be interpreted as confirming that underlying inflation in Japan has been improving significantly, although the firmness is currently masked by the temporary negative impact of the sharp decline in oil prices"
  • Said price dynamics are 'quite robust'