BOJ's Kuroda: Aggressive monetary easing still necessary

Bank of Japan Governor Kuroda speaking in parliament

• Will adjust policy if needed
• Still some distance to inflation target, aggressive monetary easing still necessary
• global growth is improving
• confident policies will reach 2% inflation target with current easing
• Japan's output gap is improving rapidly
• inflation expectations are weak, need to monitor closely

Kuroda showing no signs of backing away fro current policy, and with such a distance still to his inflation target he won't be for some time to come (says he expects to hit the 2% in FY 2018, but note he has been too optimistic on this in the past)

more to come