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11 Mar 2015
BoJ's Shirai: High uncertainty on outlook for capex, private consumption
FXStreet (Bali) - BoJ's Shirai keeps crossing the wires, via Reuters, noting that high uncertainty exists on outlook for capex, private consumption.
Key Quotes
The downtrend in Japan's potential growth rate could be behind sluggish pace of recovery in domestic demand.
Japan's potential growth rate will rise gradually toward somewhat below 1 percent by the end of fiscal 2016
Inflation is projected to accelerate sharply from around the second half of fiscal 2015 and approach 2 percent by the end of that fiscal year
Temporary slowdown in core cpi is acceptable as long as the underlying price developments and recovery process in domestic demand continue
Key Quotes
The downtrend in Japan's potential growth rate could be behind sluggish pace of recovery in domestic demand.
Japan's potential growth rate will rise gradually toward somewhat below 1 percent by the end of fiscal 2016
Inflation is projected to accelerate sharply from around the second half of fiscal 2015 and approach 2 percent by the end of that fiscal year
Temporary slowdown in core cpi is acceptable as long as the underlying price developments and recovery process in domestic demand continue