BOJ’s Funo: Not expecting weaker Yen to boost inflation

The BOJ board member Funo is back on the wires, via Reuters, now speaking on the inflation outlook.

Main Headlines:

BOJ is guiding monetary policy with eye on possible drawbacks of ultra-loose policy.

Momentum for inflation to hit 2% is maintained as core CPI likely to have bottomed.

Inflation forecast based on assumption of big fluctuations in oil or FX.

Don't expect prices to surge sharply soon.

Matter of time before Japan see positive cycle in which wage, consumption gains accelerate inflation.

On verge of seeing wage hikes boosting consumption, inflation.

Don't expect oil to keep driving up inflation

Not expecting weaker Yen to boost inflation