• expected to grow above potential in FY2015, 2O16

  • consumer inflation likely to reach 2% around first half of FY2016

Presser under way in Tokyo and he's pushing back that CPI target date again from mid FY2015/16

  • price trend steadily improving
  • says board members Kiuchi and Sato said CPI unlikely to hit 2% target in 3year period to 2017 covered by BOJ semi annual report
  • Kuroda says inflation expectations rising on the whole from long-term perspective
  • no need to ease policy further now
  • won't hesitiate to adjust policy if there's no change to price trend
  • expected delay in timing to meet price target due in part to sluggish consumption
  • expects inflation to pick up into second half of FY2015

Nothing of note so far

USDJPY 118.77