BOJ Governor Kuroda speaking at a Bank branch managers meeting

  • Japan's economy expanding moderately
  • Japan's economy expected to continue expanding moderately
  • Japan's consumer inflation moving around 1 pct
  • Japan's financial system maintaining stability
  • BOJ will maintain QQE with yield curve control for as long as needed to achieve 2 pct inflation in stable manner
  • BOJ will adjust monetary policy as needed to maintain economy's momentum to achieve its price target
  • BOJ will continue expanding monetary base until consumer inflation stably exceeds 2 pct

I don't see anything new in this from BOJ Gov Kuroda - pretty much on script from him

Yen is a little lower - likely on Syria headlines. Not too much movement though.