The Bank of Japan's accommodative monetary policy introduced in April has been right on track, creating favorable changes in the economy, BOJ Governor Haruhiko Kuroda said Monday.
It has been three months since the introduction of QE , and there have been favorable developments spreading to financial markets and the real economy, and the public's expectations for economic activity and prices are improving"he said.
"Inflationary expectations are rising, thanks to the aggressive easing'', the BOJ governor said. "He then offered the view that the nation's core consumer price index, excluding fresh food prices, is highly likely to show year-on-year rises of about 2 percent toward the latter half of the BOJ's projection period through fiscal 2015".
It has been three months since the introduction of QE , and there have been favorable developments spreading to financial markets and the real economy, and the public's expectations for economic activity and prices are improving"he said.
"Inflationary expectations are rising, thanks to the aggressive easing'', the BOJ governor said. "He then offered the view that the nation's core consumer price index, excluding fresh food prices, is highly likely to show year-on-year rises of about 2 percent toward the latter half of the BOJ's projection period through fiscal 2015".
Source; NewsOnJapan
