Comments by BOJ governor Haruhiko Kuroda
- Corporate innovation is contributing to low inflation
- But BOJ took measures in July to improve the situation
- Regional banks have plenty of capital
- Need to keep watching banks' intermediary functions
- Still intends to maintain powerful easing monetary policy
Not anything that we haven't heard of from Kuroda here. They're still maintaining that the Japanese economy has escaped deflation but looking at inflation pressures, we're still much closer to 0% than we are to ever getting to the 2% price target for Japan.
