Comments from Bank of Japan Governor Kuroda:
- Japan's economy recovering moderately as a trend, prices are rising
- Oil price falls, government's stimulus package to help keep Japan's economy on moderate recovery trend
- BOJ will not respond to oil prices themselves but will monitor how they affect inflation expectations
- 2 pct inflation likely to be achieved around Fiscal year 2015 assuming oil prices rise moderately
More:
- It was important to attach time frame for hitting BOJ's target given unique situation facing Japan
- To push inflation to 2 pct, we needed to have speed and momentum to change people's expectations
- There's no single measurement that appropriately reflects price trend
- Japan making steady progress in wiping our deflationary mindset
- BOJ was able to prevent delay in eliminating mindset with its October easing
- 2 pct inflation likely to be in sight once effect of oil price falls disappears
- BOJ won't hesitate to adjust policy when there are changes in trend inflation
Headlines via Reuters