Comments from Bank of Japan governor Kuroda

  • Japan's economy continues to recover moderately as a trend
  • Japan's economy expected to expand moderately as a trend
  • Japan consumer inflation likely to be slightly negative or around zero % for time being
  • Japan's financial system maintaining stability
  • BOJ will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner
  • BOJ will adjust monetary policy as needed to maintain economy's momentum to achieve its price target

  • Will continue expanding monetary base until core CPI stably exceeds 2%

via Reuters

From the text of a speech Kuroda gave at a meeting of BOJ regional branch managers

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Via DJ news:

  • Core CPI reading to stay around zero for while, before accelerating toward 2%