BOJ’s Funo expects to hit 2% inflation target in 2017

Bank of Japan’s (BOJ) Funo expressed confidence the 2% inflation target could be achieved in 2017, although he did state the uncertainty on the outlook is high.

Key quotes

Economy continues to recover moderately, some weakness in exports and output

Japan only halfway to meeting BOJ's price target

BOJ will promote monetary easing steadily using its 3-pronged tools of quantity, quality of asset buying and negative rates to achieve its price target

Don't expect strong yen, rises in oil prices to have a big effect on Capex