Nakaso is speaking at the Japan Cabinet Office ESRI International Conference

Also:

  • BOJ aims to achieve 2% inflation target at earliest time
  • Keeping 2 years in mind to meet price target
  • BOJ committed to keep easing, continuing QE as long as is necessary
  • BOJ carefully watching bond market developments
  • Japan has faced a vicious economic cycle due to deflation
  • Doesn’t expect a big spike in bond yields
  • Economy starting to pick up, sees moderate recovery around mid-2013