Bank of Japan Governor Kuroda speaking, at a BOJ branch managers meeting

  • Japan's economy expanding moderately
  • Expected to continue expanding moderately
  • Bank of Japan will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner
  • BOJ will adjust mon pol as needed to maintain the economy's momentum to achieve its price target
  • Will continue expanding monetary base until consumer inflation stably exceeds 2%

USD/JPY up a few tics on the remarks, generally dragging yen crosses along with it.