BOJ Governor Kuroda speaking at a Bank branch managers meeting
- Japan's economy expanding moderately
- Japan's economy expected to continue expanding moderately
- Japan's consumer inflation moving around 1 pct
- Japan's financial system maintaining stability
- BOJ will maintain QQE with yield curve control for as long as needed to achieve 2 pct inflation in stable manner
- BOJ will adjust monetary policy as needed to maintain economy's momentum to achieve its price target
- BOJ will continue expanding monetary base until consumer inflation stably exceeds 2 pct
I don't see anything new in this from BOJ Gov Kuroda - pretty much on script from him
Yen is a little lower - likely on Syria headlines. Not too much movement though.