Bank of Japan Governor Haruhiko Kuroda said there’s no immediate need for additional monetary easing, in an interview with the Yomiuri newspaper.
The bank is ready to adjust policy if the need arises, he told the paper.
Japan’s inflation trend is improving steadily, Kuroda said, adding that inflation will pick up quickly in the latter half of this fiscal year, according to Yomiuri.
The private sector is more pessimistic than the central bank about the inflation outlook, Kuroda told the paper. The BOJ’s view is that its target of 2 percent inflation will be achieved around the first half of fiscal 2016.
Median estimates of Japan’s core consumer price index are 0.6 percent for this year and 1.2 percent for 2016, according to a Bloomberg survey of 22 economists.