BOJ's Kuroda says will not hesitate to ease monetary policy further if necessary

• Core inflation is around 3% now but expected to fall to below 2% next fiscal year
• Cannot say that we have reached a stage where prices are expected to grow sustainably
• Japan's economy still on recovery path from the pandemic
• Aims to achieve 2% inflation target sustainably, alongside wage growth
• Will continue with monetary easing to achieve sustainable, stable inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• Will conduct flexible market operations

Given their policy decision earlier today, the remarks are what you would expect from Kuroda. In other words, he is downplaying last month's tweak to the yield curve control policy once again. If anything else, markets may have to wait until after the "Shunto" spring wage negotiations and maybe until after Kuroda departs from his post in April before we see any substantial changes to the BOJ narrative.