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Japan CPI may exceed BOJ's forecast FY2013: Kuroda

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday that consumer inflation may slightly exceed the central bank's projection in the previous fiscal year that ended in March, stressing that the economy is on steady path toward meeting its price target. But Kuroda reiterated that the BOJ won't hesitate to adjust monetary policy if risks threaten achievement of its 2 percent inflation target.

Former head of U.S. Fed Reserve says U.S. economy on path to recovery

TORONTO - Former Federal Reserve chairman Ben Bernanke says he believes the U.S. economy is heading towards a recovery from the crippling downturn of the 2008-09 financial crisis. "We are making considerable progress," Bernanke said during a speech Tuesday to the Economic Club of Canada. "Many of the headwinds that came from the crisis, from policy and housing, are beginning to dissipate."

Bernanke says he could have done a better job explaining what Fed did during the crisis

TORONTO - Former U.S. Federal Reserve Chairman Ben Bernanke says he could have done a better job in helping people understand the action the central bank took during the financial crisis. Bernanke stepped down in late January after eight years as chairman of the Federal Reserve. When asked if he had any regrets, Bernanke told a Toronto business crowd that it's unfortunate the public thinks the bank favoured Wall Street instead of Main Street.

Analysts see inflation moving higher in Brazil

Sao Paulo, Apr 22 (EFE).- Financial analysts have revised their 2014 inflation forecast for Brazil upward from 6.47 percent to 6.51 percent, the Central Bank said Tuesday. The new number is above the 6.5 percent upper range of the government's target. The inflation forecast was included in the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the outlook of the national economy. Analysts raised their inflation forecast for the seventh straight week.

U.S. labor force dropouts want back in: Saft

By James Saft (Reuters) - An army of U.S. labor force dropouts stands ready to get back in the game when conditions improve, implying wages, prices and interest rates will stay lower for longer.

China cuts reserve requirements for rural banks

China will cut the amount of funds rural banks must keep in reserve by up to two percentage points, the central bank said Tuesday, easing monetary policy in a bid to boost its slowing economy. The announcement comes after the government said last week that gross domestic product grew 7.4 percent year-on-year in the first quarter, sharply down from 7.7 percent the previous three months owing to a slow global recovery as well as domestic structural reforms.

Jobless rate still good gauge of slack: Fed study

SAN FRANCISCO (Reuters) - The U.S. jobless rate in recent years has been a good gauge of slack in the economy, according to a paper published Monday by the Federal Reserve Bank of San Francisco that takes aim at critics who have argued otherwise. Indeed, the unemployment rate has responded to GDP growth since the financial crisis in essentially the same way that it has in every recession since the 1970s, the paper's authors found, rising when economic output slows, and falling when it speeds up.

Bank of Japan may still opt for huge JGB buys, when it acts: Suda

By Leika Kihara TOKYO (Reuters) - The Bank of Japan is likely to hold off on expanding monetary stimulus for as long as possible but when it does act, it will take "extraordinary" steps such as buying government bonds on a massive scale, a former central bank policymaker said on Monday.

IMF says Korean currency should be further appreciated

SEOUL, April 18 (Yonhap) -- The South Korean currency is undervalued in the range of 2 percent to 8 percent, the International Monetary Fund said in its latest report, encouraging further appreciation of the won over the medium term. The IMF report dated Thursday said the won remained moderately undervalued by as much as 8 percent, with the upper end of the range seeming more plausible given the current account surplus run.

U.S. jobless claims hover near pre-recession levels

By Lucia Mutikani WASHINGTON (Reuters) - New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. They stayed close to a 6-1/2 year low touched the prior week.
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