BOJ Kuroda: Japan getting on track towards reaching price target

TOKYO Tue Feb 25, 2014 10:31pm EST

Bank of Japan Governor Haruhiko Kuroda gestures as he listens to questions from a reporter during a news conference at the BOJ headquarters in Tokyo February 18, 2014. REUTERS/Yuya Shino

Bank of Japan Governor Haruhiko Kuroda gestures as he listens to questions from a reporter during a news conference at the BOJ headquarters in Tokyo February 18, 2014.

Credit: Reuters/Yuya Shino

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TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday that Japan's economy is getting on track towards achieving a 2 percent inflation target as price hikes spread to a broader range of goods on the back of a narrowing output gap.

Kuroda, speaking in parliament, also said that the economy is recovering moderately.

(Reporting by Tetsushi Kajimoto; Editing by Dominic Lau and Edmund Klamann)

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