expected to grow above potential in FY2015, 2O16
- consumer inflation likely to reach 2% around first half of FY2016
Presser under way in Tokyo and he's pushing back that CPI target date again from mid FY2015/16
- price trend steadily improving
- says board members Kiuchi and Sato said CPI unlikely to hit 2% target in 3year period to 2017 covered by BOJ semi annual report
- Kuroda says inflation expectations rising on the whole from long-term perspective
- no need to ease policy further now
- won't hesitiate to adjust policy if there's no change to price trend
- expected delay in timing to meet price target due in part to sluggish consumption
- expects inflation to pick up into second half of FY2015
Nothing of note so far
USDJPY 118.77