BOJ Says Kuroda Didn't Revise Price Outlook in Davos Remark

Bank of Japan Governor Kuroda discusses progress made on meeting the central bank’s inflation target at Davos.(Source: Bloomberg)

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By Enda Curran and Maria Tadeo

January 26, 2018 at 3:22 PM UTC

Updated on

January 27, 2018 at 1:19 AM UTC

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The Bank of Japan said Governor Haruhiko Kuroda wasn’t revising the inflation outlook when he said in Davos on Friday that consumer prices are finally moving close to the 2 percent target.

“There are some indications that wages are actually rising, and some prices have already started to rise and even medium- to long-term inflation expectations, which have been so weak in the last couple years, are now slightly picking up,” Kuroda, speaking in English, said on a panel at the World Economic Forum in the Swiss ski resort.