Comments by BOJ governor, Haruhiko Kuroda, in his press conference
- Expects inflation to gradually pick up towards 2% target
- Risks associated with overseas economies are significant
- Need to watch for impact on business, consumer sentiment
- Appropriate to continue easing persistently
- Sees no big risk of financial intermediation stalling
- Various measures can be considered for further easing if needed
- Won't hesitate to mull more easing if price momentum is lost
Kuroda not straying away from the usual message as the BOJ maintains their dovish persona for the time being. But if the yen starts to strengthen any more from here, there's no doubt that they'd grow increasingly worried about how that will threaten their inflation path.
