BoJ Kuroda speech: Working to reach 2% inflation in 2 years

FXstreet.com (Barcelona) - BoJ Kuroda speech to the central bank's branch managers was made public at 00.30GMT. The key headline was an old one though, as he said "to work to achieve price target within 2 years."

According to the new governor, there seems to be indications that the poor economic performance in Japan is about to find a bottom, with the latest indicators showing signs of recovery, and an initial rise in inflation expectations.

He continued saying that Japan’s financial system is sound and stable, adding that he expects ongoing easing policies will change perceptions by influencing interest rates and asset prices.

With regards to global financial markets, he highlighted the ease in risk aversion as the main feature allowing markets to recover the confidence. He expects to see an end to low prices as inflation expectations rise.