Bank of Japan (BOJ) Governor Kuroda comments:
On the US:
- Rising US rates could affect global markets
- Fed raising rates means US recovery is solid ... Fed rate rise is something he 'should welcome'
- Says global economy eventually to have strong growth
- Says US capable of 3% growth from Q2 on
- US recovery is quite solid
- US growth in 1Q1 may have been subdued, about 1.5%
On Japan
- No doubt that underlying inflation trend improved
- More Japanese households expect prices to rise 2%
- Bank of Japan's easing having intended effect
- BOJ committed to 2% inflation, easing as needed
- Easing having intended effect
- Says deflation no longer unique to Japan
- BOJ won't hesitate to adjust if inflation off track
- Reiterates expects to meet 2% price goal in fiscal 2015
- Successful talks on TPP would be quite significant
- Says inflation expected to rise in H2 of fiscal 2015
- Says won't hesitate to adjust if inflation not on track
- Says we don't think necessary to adjust monetary policy
- Japan inflation expectations to continue rising
- Inflation to gradually accelerate
- Says BOJ policies targeted at inflation, not FX rate
This Headlines on Bloomberg
And, via Reuters headline:
- Says financial markets could be surprised by higher interest rates if the BOJ hits inflation target in 2016