BOJ head speaking
- Japan's economy has been expanding moderately as a trend, though exports, output, business sentiment have been affected by overseas slowdown and natural disasters
- Japan's economy likely to continue expanding moderately as a trend, though affected by overseas slowdown for time being
- consumer inflation is moving around 0.5%
- consumer inflation to accelerate gradually towards 2% on positive output gap and rises in inflation expectations while being affected by decline in oil prices for time being
- Japan's financial system is maintaining stability
- BOJ will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner
- BOJ will continue expanding monetary base until consumer inflation stably exceeds 2%
- BOJ expects short-, long-term rates to remain at current or lower levels as long as necessary
- Won't hesitate to take additional easing steps if risks grow that momentum towards achieving price target will be lost
Headlines via Reuters
This one:
consumer inflation to accelerate gradually towards 2%
What is he smoking?
