BOJ’s Kuroda: Still halfway to 2.0% inflation target

The Bank of Japan (BOJ) Governor Kuroda is out on the wires via Bloomberg, commenting on the central bank’s 2% price target.

Key Quotes:

We couldn't achieve 2% inflation in 2 years but the commitment was useful in showing BOJ’s determination to end deflation

Japan has come to a place where there it is not deflationary

There is no plan to change the BOJ's strong commitment for prices

Still halfway to 2.0% inflation target says Kuroda

Inflation expectations observed in practice are 'highly sticky' and change only slowly

Firmly stabilising inflation expectations at desired level represents an unprecedently difficult challenge