• Aug. 20, 2017, 5:06 am

Bank of Japan’s Kuroda: CPI likely to be around zero for time being

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday that year-on-year changes in the overall consumer price index are likely to be around zero for the time being.

Consumer prices are likely to start rising again once the impact from a decline in oil prices starts to fade, Kuroda said at the upper house budget audit committee.

(Reporting by Stanley White; Editing by Chris Gallagher)

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