• Weak yen can push up prices to some extent due to increase in import prices
  • Not trying to achieve temporay increase in prices due to import prices
  • Not commenting on currency levels or movement
  • Trying to achieve inflation with positive economic cycle
  • Narrowing in output gap and rising inflation expectations to contribute to achieving inflation

Kuroda is speaking before a Japanese parliament commitee

No real bombs being dropped by the big man and USD/JPY standing steady at 102.20