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15.03.2019 06:59

BOJ governor Kuroda: Japan's domestic economy continues to be robust

  • Global slowdown affecting Japan's exports, production

  • Overseas developments will affect Japan for some time

  • Japan economy remains in moderate expansion

  • Momentum towards achieving 2% inflation target is maintained

  • There is a need to achieve 2% inflation target

  • Not desirable for economy if only prices rise

  • Also need to consider that easing policy could affect financial intermediation

  • Need more time to see overall movement in wages

  • Spring wage negotiations still ongoing, still too early to see the whole picture

Market Focus

  • German factory orders unexpectedly fell in October
  • BOJ's Harada says no need to take additional policy steps
  • Eurozone construction activity continues to grow in November
  • Eurozone GDP up by 0.2% during the third quarter, as expected
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