Bank of Japan Deputy Governor Kikuo Iwata speaks at a meeting with business leaders

  • Japan inflation outlook is skewed toward downside
  • Inflation still lacking momentum, distant from price target
  • Must continue powerful monetary easing to push down real interest rates
  • Japan still needs monetary easing, absolutely do not see need to raise rates now
  • Inflation is low despite corporate profits at record levels, job market near full employment
  • Expect Japan inflation to gradulally accelerate towards BOJ's 2% target

(Headlines via Reuters)

There is nothing surprising from Iwata in these remarks, it's the same sort of thing we have been hearing for a long time.

Full text: Japan's Economy and Monetary Policy