Bank of Japan Governor Kuroda speaks, at the Bank's quarterly branch manager's meeting.

  • Japans economy expanding moderately
  • Japans economy expected to continue expanding moderately
  • Japans consumer inflation moving around 0.5 pct-1 pct
  • Japans economy sustaining momentum towards achieving BOJs inflation target
  • Japans 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

So, this is the usual from Kuroda