April 30, 2015 | Daily JAM, Morning Briefing |
Faced with evidence that the country will miss its target of 2% inflation this year, today (April 30) Bank of Japan Governor Kuroda said no further easing of monetary policy was needed.
May 17, 2013 | Morning Briefing |
The Japanese economy expanded by 0.9% in the first quarter for a 3.5% annual rate. This is the second straight quarter of expansion for the Japanese economy. But the Bank of Japan made less progress on its goal of ending deflation and reigniting inflation. Prices, according to the GDP deflator, fell by 1.2% in the quarter for a 14th straight quarter of deflation.