Further comments by BOJ governor Kuroda
- Deflationary mindset still persisting in Japanese firms and households
- Need to deepen analysis on relationship between economy and inflation
- BOJ will continue with aggressive monetary easing
- Expects government to continue to work on fiscal health
- Important for government to win market's trust on long-term fiscal management
- Remains committed towards achieving 2% inflation target at earliest date possible
- Exit policy will have to address short-term rates and size of balance sheet
- There is still some distance to 2% inflation target
- Too early to debate exit from easing policy now
- Now is the time to make best efforts to achieve 2% inflation target
- Premature talks of exit would confuse markets
The language he is presenting on the exit discussions is pretty much the same as what we heard at the last press conference. In essence, it's not the time for the BOJ to be discussing any exit strategy and Kuroda is not going to comment on it until inflation starts showing signs of improvement.
