Bank of Japan governor speaking at Jackson Hole yesterday
Reuters reporting.
"The Bank of Japan will continue to carefully examine risks and take additional easing measures without hesitation It could be that long term inflation expectations are yet to be anchored in Japan."
Kuroda said he felt that between quantitative easing and negative interest rates the BOJ had an "extremely powerful policy scheme" and "will act decisively as we move on" in order to raise inflation to 2%
But he acknowledged the struggle, with evidence accumulating that inflation expectations in the country have yet to rebound after the collapse of oil prices in 2014, and despite the bank's massive bond buying and negative interest rate policies.
Anchoring inflation expectations at the bank's 2% target is "definitely a prerequisite" to achieving the bank's goals, he said.
More from Reuters here and more hot air I fear as the BOJ like other CBs continue to run out of ammunition.
BOJ's Kuroda feeling the heat
