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BOJ Kuroda: To adjust policy as needed to hit 2 percent price goal

Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank will adjust monetary policy as needed to achieve its 2 percent inflation target with an eye on economic, price and financial developments.

"Japan's economy is expected to expand moderately as a trend," Kuroda said in a speech at the central bank's quarterly meeting of its regional branch managers.

China 2016 economic growth seen slowing to 6.6 percent, 6.5 percent in 2017: Reuters poll

China's economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in 2017, even as the government keeps up policy support to help ward off a sharper slowdown, a Reuters poll showed.

The world's second-largest economy faces nagging downward pressure due to slack global demand that has hurt its exports, as well as risks from painful reforms to cut industrial overcapacity and a growing pile of debt that some analysts fear could spark a financial crisis.

The government has set a growth target of 6.5-7 percent for this year. The economy expanded 6.9 percent in 2015, the slowest pace in a quarter of a century.

Oil prices fell on Monday

Money managers’ short position in West Texas Intermediate crude, or bets on falling prices, shrank by 28 percent to 71,407 futures and options. Longs rose 1.8 percent to the highest since June 2014. The resulting net-long position increased 13 percent.

Reference: Reuters,Bloomberg