Kuroda says Japan is on track to hit price target

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Japanese inflation is on track to hit the Bank of Japan's target in either late 2014 or early 2015 on the back of the central bank's quantitative and qualitative monetary easing, according to the bank's governor, Haruhiko Kuroda.

Kuroda told the Paris Europlace forum in Tokyo that "positive developments" have spread throughout financial markets and the real economy. Consequently, he said, the Japanese economy is "recovering moderately" and will continue to grow.

"Looking ahead, a virtuous circle

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