BOJ’s Funo: Still some distance to reaching 2% inflation target

Bank of Japan Member of the Policy Board Yukitoshi Funo speaking at a meeting with business leaders in Miyazakimore to come … which is good, ’cause I’m not sure that headline was worth waiting on …

here we go …

  • Still some distance to reaching 2% inflation target
  • Important to continue powerful monetary easing
  • CPI likely to continue uptrend on output gap improvement, rise in inflation expectations
  • Core CPI likely to reach around 2% in FY 2019

More:

  • There is a risk firms remain cautious when setting wages, to watch firms’ wage-setting stance
  • Possible rise in inflation expectations to be delayed due to firms’ price-setting stance

The man hisself!

ps.

  • Core CPI likely to reach around 2% in FY 2019

I’m gonna say nah

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