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