Japan's trend in inflation is constantly improving – BOJ Kuroda

FXStreet (Mumbai) - Speaking in Parliament's Lower House Financial Affairs Committee today, the Bank of Japan's (BoJ) Governor Haruhiko Kuroda said Japan's trend in inflation is constantly improving, due to a tightening production gap and rising inflation expectations.

He further stressed, anchoring inflation expectations near 2% is very important in achieving the central bank's price stability goal.

"Japan is steadily wiping out a deflationary mindset," Kuroda told legislators on Thursday.