BOJ's Kuroda: Will maintain policy as long as needed until CPI stable >2%

Author: Eamonn Sheridan | Category: Central Banks

The Bank of Japan releases the text of Governor Kuroda's speech to a branch manager meeting

  • Japan's economy expanding moderately
  • economy expected to continue expanding moderately
  • overseas economic risks heightening
  • 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
  • will continue expanding monetary base until consumer inflation stably exceeds 2 pct
  • will keep short-, long-term interest rates at current very low levels for an extended period
  • will adjust monetary policy as needed to maintain economy's momentum to achieve its price target
Headlines via Reuters 

Nothing in those comments indicating any change … steady as she goes from the BOJ and Kuroda. 

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