BOJ's Kuroda warns of risks to hitting inflation goal

NAGOYA (Nov 14): Bank of Japan Governor Haruhiko Kuroda said on Monday the economy is sustaining momentum towards hitting the central bank's 2 percent inflation target but risks are tilted to the downside due to uncertainty over the global economy.

Kuroda maintained his optimistic view of Japan's economy, saying it is likely to expand moderately as exports and output rebound, reflecting an expected improvement in overseas demand.

But he acknowledged that private consumption was "somewhat lacking momentum" and making some companies hesitant of raising prices of their goods and services.

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