Nakaso is speaking at the Japan Cabinet Office ESRI International Conference
Also:
- BOJ aims to achieve 2% inflation target at earliest time
- Keeping 2 years in mind to meet price target
- BOJ committed to keep easing, continuing QE as long as is necessary
- BOJ carefully watching bond market developments
- Japan has faced a vicious economic cycle due to deflation
- Doesn’t expect a big spike in bond yields
- Economy starting to pick up, sees moderate recovery around mid-2013