Yesterday, the Governor of Bank of Japan, Haruhiko Kuroda said that Japan economy is recovering moderately, but private consumption is still weak.
Mr. Kuroda told the parliament that it is true that consumption is not strong enough. He added that the raise in wage and household income are very crucial for consumers to raise their spending.
According to him, there should not be changes in BOJ 2% inflation target. He told the parliament so when he was urged to change the target to long-term target instead of specific time.
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Eko Trijuni has been trading forex full time since 2005. He is now the Head Market Analyst for FOREXimf.com. His specialty is technical analysis.