BOJ's Kuroda: Weak yen contributing a lot to price gains

TOKYO Fri Feb 21, 2014 2:58am EST

Haruhiko Kuroda, Governor of the Bank of Japan speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014. REUTERS/Ruben Sprich

Haruhiko Kuroda, Governor of the Bank of Japan speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014.

Credit: Reuters/Ruben Sprich

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TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday that a weak yen and high energy prices are contributing a lot to gains in consumer prices.

Kuroda, speaking in the lower house financial affairs committee, also said that gains in consumer prices are spreading to a broader range of goods, indicating that domestic demand is expanding.

(Reporting by Stanley White; Editing by Dominic Lau)

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