About time Kuroda weighed in, its been a few hours since we've heard from him

  • Japan's economy continues to recover moderately as a trend despite some signs of weaknesses in exports, output
  • Japan's economy expected to expand moderately as a trend
  • Consumer inflation likely to hover around zero
  • Consumer inflation likely to hover around zero for time being, then accelerate towards 2 pct
  • Japan's financial system maintaining stability
  • BOJ will maintain qqe with negative rates for as long as needed to achieve 2 pct inflation in stable manner
  • BOJ will take additional easing steps via quantity, quality of asset buying and interest rates if needed

K speaking at a BOJ branch manager meeting

Headlines via Reuters