BOJ’s Kuroda: CPI likely to be slightly negative or around zero % for time being

BOJ's Governor Kuroda is crossing the wires, via Reuters, noting that Japan's CPI is likely to be slightly negative or around zero % for the time being

Key Quotes

Japan's economy continues to recover moderately as a trend

Japan's economy expected to expand moderately as a trend

Japan consumer inflation likely to be slightly negative or around zero % for time being

Japan's financial system maintaining stability

BOJ 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

Will continue expanding monetary base until core CPI stably exceeds 2%

 

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