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Bank of Japan Governor Haruhiko Kuroda: the consumer price inflation trend is improving
Bank of Japan Governor Haruhiko Kuroda said on Friday that the consumer price inflation trend was improving, adding that the consumer price inflation excluding fresh food and energy increased more than 1%.
"The overall price trend is improving, and consumer prices are expected to accelerate toward our 2 percent inflation target," he said.
Kuroda noted that "domestic demand is on track to strengthen".
Bank of Japan governor also said that a slowdown in emerging economies weighed on exports and factory production.
In general, Kuroda's comments could mean that the central bank will not add further stimulus measures at its meeting on October 30.
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