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.
