Kuroda: There is still some distance to the 2% target

Q&A with Captain K

  • it is appropriate to continue with current powerful monetary easing

  • Does not see any changes around the MOF's view of FX

  • FX is in the purview of the MOF

  • Potential damage from protectionism has been confirmed in many forums

  • It's important to gauge underlying trend of prices

  • BOJ will manage policy by watching the data

  • Will not make an automatic decision on policy based on one data set

  • BOJ doesn't have to raise rates just because other nations do

  • Exchanges rates move on various factors not just interest rates

  • Economic risks are tilted to the downside

It's like he's taken slices out of every other central bank statement to construct his answers.

  • Will not rule out the possibility of deepening negative rates if warranted

  • Not now considering deepening negative rates

  • Does not think easing is not having an effect or that effects are weakening

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