BOJ's Shirai: expects core CPI to approach 2% at end of FY16; see core CPI around 0.5% on average in FY15
- Sees wages to rise moderately to support spending.
- There is room for further policy if price trend weakens sharply but see the chance slim for now.
- Probability of further easing low based on personal outlook.
- Appropriate to maintain current asset buying scale for time being
- Not rule out 2% CPI in 3-yr forecast period.
- Possibility of weakening of CPI trend is low
- Sees CPI to move around 1% in FY16 on average
- Reiterates some business people have said sudden fx moves are problematic
- Not in position to say positives, negatives of weak yen.
- BoJ must act if path towards hitting price target is clearly disrupted