BOJ's Kuroda: Weak yen contributing a lot to price gains

Fri Feb 21, 2014 1:53am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday that a weak yen and high energy prices are contributing a lot to gains in consumer prices.

Kuroda, speaking in the lower house financial affairs committee, also said that gains in consumer prices are spreading to a broader range of goods, indicating that domestic demand is expanding.

(Reporting by Stanley White; Editing by Dominic Lau)

 
Haruhiko Kuroda, Governor of the Bank of Japan speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014. REUTERS/Ruben Sprich