Bank of Japan (BOJ) Governor Kuroda speaking before the Japanese parliament:

  • Economy recovering moderately as a trend
  • Easing was to maintain positive momentum
  • BOJ will make adjustments as needed
  • Sales tax rise has weakened Japan economy
  • Too early to discuss exit policy from BOJ easing
  • BOJ policy is not linked to the GPIF change in investment strategy
  • Vital to secure confidence in Japan’s fiscal management
  • Hopes Japan government will work for sustainable finances