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BOJ Gov Kuroda expects to reach 2% inflation by H1 2016


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FXStreet (Bali) – BOJ Gov Kuroda crossed the wires over the weekend, noting that he expects inflation to reach 2% around the first semester of 2016, adding that the inflation rate should start to accelerate in the second half of fiscal 2015.

“The latest data point can be interpreted as confirming that underlying inflation in Japan has been improving significantly, although the firmness is currently masked by the temporary negative impact of the sharp decline in oil prices”, Kuroda said.