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Trader, analyst and instructor with a 6-year experience

BOJ: no risks for a 2% price target

As it was widely expected, the Bank of Japan maintained monetary policy unchanged in January. On a press-conference that followed the meeting the BOJ chief Haruhiko Kuroda did his best to calm all the market worries.

  • The prices remain on track to meet the 2% inflation target;
  • Japan can reach the 2% price target in late 2014 or 2015 financial year;
  • BOJ will continue the current monetary policy if the risks for the price target don’t materialize;
  • BOJ policy is targeting not a strong or weak yen, but a 2% inflation
  • Downside risks to Japan economy are receding;
  • Low inflation in Europe shouldn't weigh on price growth in Japan;
  • Sales tax hike will not hurt positive cycle building up in Japan economy;
  • BOJ is always closely monitoring markets but see nothing to be worried about now;
  • A few BOJ board members hold more cautious view on prices.

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