Japan's central bank governor, said the economy has stopped, and should be in the middle of this year showed signs of recovery.
Mr Kuroda (Haruhiko Kuroda) speaking to a group of lawmakers, semi-annual report said on Thursday the bank of Japan, there is still a "high degree of uncertainty" of the economic crisis in Europe, the us economic recovery of the fragile state of relations with China.
Mr Kuroda said that prices are unlikely to rise over the next few months, but later, you can see some inflation target of progress, as the economy towards a moderate recovery path."
The central bank and government's 2% inflation target, aims to end years of growth inhibition of deflation.
Kuroda vowed to achieve this goal in two years.
Other News:
GM in next phase of hoped for Buick revival
BOJ chief says Japan economy on the mend
1 of FBI's 10 most wanted fugitives surrenders
Emerging powers China, Brazil move towards non-dollar trade
US market futures up ahead of durable goods report
Banks seek U.S. appeals court intervention in FHFA lawsuits
Performance of the one-way bearing material should have
Internet slowed by cyber attack on spam blocker