Bank of Japan governor Haruhiko Kuroda begins his press conference
- Falling oil prices effect only temporary
- Price momentum is firmly maintained
- Expects inflation to pick up towards 2% target
- Appropriate to continue current easing policies persistently
- Doesn't see a big change in economic fundamentals
- Recent market moves have been somewhat sensitive
- Stocks, FX market are regaining calm
It's pretty much his job to put a positive spin on things and maintain that they will somehow get to the 2% inflation target set out. There's nothing here that really stands out but let's see how long they can keep up with the confident facade in the coming months when global economic growth starts to grind slower.
