Kuroda: will do whatever possible to end deflation

  • Will achieve price target with 2 years in mind
  • BOJ easing not limited to just 2 years
  • Easing to last until sustainable prices achieved
  • Capital spending is the key for ending deflation
  • Will make prompt policy adjustment as needed – examining capex, consumption, exports each month
  • International recognition that Japan’s economic recovery will benefit the global economy
  • Confident BOJ can meet its bond buying target with purchases across the yield curve
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