June 2, 2018 / 9:48 PM / a year ago

BOJ's Kuroda concedes 'some weaknesses' in Japanese prices

WHISTLER, British Columbia, June 2 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Saturday there were recently “some weaknesses” in the country’s price growth despite a continued moderate expansion in the economy.

“It’s true there are some weaknesses in price moves,” though they were mostly due to temporary factors, Kuroda told a news conference after attending the Group of Seven finance leaders’ gathering in the Canadian mountain resort of Whistler.

“The economy is sustaining its momentum to achieve the BOJ’s 2 percent inflation target,” he said. (Reporting by Leika Kihara Editing by Paul Simao)

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