Kuroda: The Japanese economy has slightly slowed down

Kuroda: The Japanese economy has slightly slowed down Author: Adam Button | Category: Central Banks

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Kuroda on CNBC (recorded Saturday)

  • Wage growth has been disappointing
  • Japanese labor productivity has grown faster than any developed economies (which is keeping inflation low)
  • They are raising prices in the service sector, where they are more labour-intensive
  • We could further reduce interest rates but there is room
  • Production and exports to China "weak"
  • Hints that yen is fine in the 110.00-120.00 area
  • Says he's satisfied with yen level

USD/JPY is testing the February high. This isn't a real market mover but 112.14 is a critical level to watch.

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