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)

Free newsletter signup
I agree to have my personal information transfered to MailChimp ( more information )
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.