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Philippine central bank deputy governor: no need to adjust policy now

May 7, 2017 By Stanley White YOKOHAMA, Japan (Reuters) – The Philippines Central Bank Deputy Governor Diwa Guinigundo said he sees no need to adjust monetary policy because concerns about overheating are not warranted and consumer prices are expected to rise at a steady rate. The central bank’s 3 percent policy rate may seem low, but policy settings are appropriate given that inflation is forecast to slow slightly from next year, Guinigundo said in an interview with Reuters. The central bank is also prepared to let the peso “adjust” versus…

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Kuroda says BOJ facing ‘challenging’ situation amid low inflation

May 6, 2017 By Leika Kihara YOKOHAMA, Japan (Reuters) – The Bank of Japan is facing big challenges as inflation holds well below its 2 percent target, underscoring the importance for Japan’s central bank to maintain its massive stimulus program, BOJ Governor Haruhiko Kuroda said on Saturday. Japan’s economy has shown signs of life with a pick-up in global demand boosting exports and factory output. But inflation remains subdued despite four years of aggressive money printing since Kuroda became governor in 2013, as slow wage growth dampens household spending. “After…

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BOJ Kuroda confident inflation will accelerate ‘significantly’: CNBC

May 5, 2017 YOKOHAMA, Japan (Reuters) – Bank of Japan Governor Haruhiko Kuroda said he was confident inflation will accelerate “significantly” with massive monetary stimulus and fiscal support, CNBC reported on Friday. “The mindset (of the Japanese public) is still quite cautious about inflation expectations. But I’m quite sure that with continuous accommodative monetary policy supported by fiscal policy, we would eventually be able to raise prices significantly,” Kuroda told CNBC in an interview that ran on Friday. Kuroda also said Japan’s economy has showed a “strong recovery trend” in…

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