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24 Apr 2015
Kuroda: Japanese inflation improving – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team gives an update regarding the key developments in the Japanese market – Kuroda’s view on inflation and the output gap, Japan FM’s view on easing.
Key Quotes
“BOJ Gov Kuroda spoke again in Parliament, noting the output gap is now around zero but will improve in the future. Kuroda reiterated trend inflation is improving steadily as expectations for higher prices take hold.”
“Fin Min Aso also said BOJ will carry out its monetary easing, though Japan is no longer in deflationary state.”
“Separately, Japan govt made what will likely be seen as a controversial proposal in its energy policy objections, calling for nuclear energy accounting 20-22% by 2030. Renewable energy would be 22-24% vs 11% last FY, Nat gas would fall to 27% from 43% and coal to 26% from 30% currently.”
Key Quotes
“BOJ Gov Kuroda spoke again in Parliament, noting the output gap is now around zero but will improve in the future. Kuroda reiterated trend inflation is improving steadily as expectations for higher prices take hold.”
“Fin Min Aso also said BOJ will carry out its monetary easing, though Japan is no longer in deflationary state.”
“Separately, Japan govt made what will likely be seen as a controversial proposal in its energy policy objections, calling for nuclear energy accounting 20-22% by 2030. Renewable energy would be 22-24% vs 11% last FY, Nat gas would fall to 27% from 43% and coal to 26% from 30% currently.”