BoJ's Kuroda: Economy on track to meet inflation 2% target

FXStreet (Łódź) - BoJ Governor Haruhiko Kuroda, said on Thursday in Tokyo that the central bank's inflation target of 2% would most probably be reached at the end of this or the beginning of next fiscal year.

He suggested that upward inflationary pressures should mount on improvements in the  supply/demand balance, but that the positive effect of high energy prices should weaken gradually.

Furthermore, the Governor assured that “the central bank would examine both upside and downside risks to economic activity and prices, and make adjustments if necessary to achieve the price stability target.”