BOJ governor, Haruhiko Kuroda, begins his press conference in Tokyo
- Virtuous economic cycle remains in place
- Consumer prices have remained somewhat weak
- Expects inflation to pick up towards 2% gradually
- Risks to the economy, prices are tilted to the downside
- It's likely to still take some time to hit inflation target
- BOJ will adjust policy as needed to maintain momentum towards 2% inflation target
Taking a page out of the Draghi's playbook with the mention of economic risks being tilted to the downside. But it isn't anything too concerning as it is but a paraphrase of the BOJ's communique in recent months.
Other than that, his comments on inflation are very much the same old song we've been hearing since almost forever now.
