‘Japan is steadily wiping out a deflationary mindset’ – BOJ’s Kuroda

FXStreet (Mumbai) - Japanese trend inflation is rising steadily as a moderate recovery is taking hold in the country, Bank of Japan (BOJ) Governor Haruhiko Kuroda reiterated when he appeared before Japanese Parliament today.

"Japan is steadily wiping out a deflationary mindset," Kuroda told parliament.

Earlier this week, Kuroda said that financial markets in Japan may be caught out when the central bank hits its 2% inflation target and interest rates in the country gradually go up.