BOJ Gov Kuroda says BOJ will maintain ultra-loose monetary policy

Bank of Japan Governor Kuroda

  • Japan's economy showing some signs of weakness but picking up as a trend
  • Japan's economy likely to recover as impact of COVID-19 , supply constraints eases
  • Japan's core consumer inflation moving around 2%
  • Uncertainty regarding japan's economy is very high
  • Japan's financial system stable as a whole
  • Must be vigilant to impact of financial, currency market moves and their impact on Japan's economy, prices
  • BOJ will maintain ultra-loose policy to stably achieve 2% inflation target
  • BOJ stands ready to ease policy further without hesitation as needed
  • Japan's consumer inflation likely to accelerate pace of increase
  • Japan's financial conditions are easing as a whole
  • Expects short and long term policy rate targets to remain at current or lower levels
Bank of Japan Governor Kuroda

more to come

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