Kuroda crossing on the wires with latest speech

  • Will adjust policy if needed to maintain momentum to hit 2% inflation target
  • Expect inflation to steadily heighten toward 2% as BOJ promotes aggressive monetary easing
  • BOJ can continue easy policy, respond flexibly to economic conditions under new policy framework
  • BOJ's new framework is received positively by markets
  • Yen somewhat weakening vs dollar reflecting prospects of u.s. interest rate hike, stock prices moving on fairly firm note
  • BOJ will continue to watch market moves carefully
  • When govt conducts loose fiscal policy as BOJ maintains accommodative policy stance, the economic stimulus effect of both becomes more powerful
  • Expect Japan's economy to expand moderately
  • Japan's exports, output likely to rebound moderately as overseas economies emerge from slowdown
  • Japan private consumption lacking strength, but expected to rebound ahead

via Reuters

more to come