Reuters have a recap of Kuroda’s speech this morning. It expands slightly on the earlier headlines.
- “Japan’s economy is steadily heading towards a recovery since we adopted our qualitative and quantitative monetary easing in April,”
- “We’re seeing the effect of our policies, such as indicators suggesting an increase in inflation expectations.”
- Expects that core consumer inflation will gradually turn positive reflecting improvements in the economy
- The economy is on track to meet the central bank’s projection of a moderate recovery around mid-year
- Kuroda was speaking at a quarterly meeting of the BOJ’s regional branch managers
