BOJ's Kuroda: Japan is closer than before to sustainably hitting 2% inflation target

Outgoing Bank of Japan (BoJ) Governor Kuroda said on Wednesday, “Japan is closer than before to sustainably hit the 2% inflation target.”

Kuroda added that “wage pressure is heightening.”

Market reaction

USD/JPY was last seen trading at 131.72, up 0.66% on the day.