Presser underway. More comments to follow

  • easing aimed at ending deflationary mindset
  • BOJ easing is having intended effects
  • impact of sales tax rise have been somewhat prolonged
  • saw risk of delay in conversion of deflationary mindset
  • Japanese economy in critical moment in beating deflation
  • price expectations in Japan are not firmly anchored like they are in other countries
  • cannot allow momentum that is pushing up wages to stop