Bank of Japan (BOJ) Governor Kuroda

Japan's price trend improving steadily

  • Risks are heightening that global market instability, slowdown in emerging economies could hurt business sentiment
  • Will ease policy with three dimensions of quantity, quality, interest rate if needed to achieve 2 pct inflation target
  • Will carefully watch how global market instability affects Japan's economy, prices
  • Will take time for effect of negative interest rates to filter through economy
  • There is of course possibility boj will cut interest rates further if we judge additional easing is needed
  • Won't hesitate to ease policy further if needed
  • Can't say now which among our tools we will use in case we decide to ease again

Yen losing a little ground as Kuroda headlines crossing

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More:

  • Theoretically is room to cut rate to minus 0.5%

(via Bloomberg)