Bank of Japan Governor Kuroda, speaking at a branch managers' meeting. From the text:
- Japan's economy turning towards moderate expansion
- Japan's economy expected to continue expanding moderately
- Japan's financial system maintaining stability
- Bank of Japan will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner
- BOJ will adjust monetary policy as needed to maintain economy's momentum to achieve its price target
- BOJ will continue expanding monetary base until consumer inflation stably exceeds 2 pct
Headlines via Reuters
No change in tone from Kuroda here.
