BoJ's Kuroda: CPI to keep moving steadily towards 2% target

FXstreet.com (Łódź) - Following the Bank of Japan's decision to keep monetary policy unchanged in December, Governor Haruhiko Kuroda confirmed on Friday that inflation was still expected to move towards the central bank's 2% target, even though the sales tax increase in April next year could cause an economic downturn.

"We expect Japan's consumer inflation to slightly exceed 1 percent by year end,” the BoJ governor said.

Furthermore, Kuroda commented on the Fed's recent QE taper, which in his opinion reflects the fact that the country's recovery is proceeding at a steady pace. That is a positive sign for the global economy, he said.