BOJ Governor Kuroda said he would keep the current monetary policy unchanged as long as the CPI remained below 2%. His most prominent statements were as follows:
- The Japaneconomy is expanding at a moderate pace.
- The economy is expected to continue to recover.
- Economic risks are rising abroad.
- Consumer inflation is moving around 1%.
- The financial system contributes to maintaining stability.
- The Bank of Japan will continue its monetary easing program while monitoring the yield curve to stabilize inflation.
- We will keep interest rates short and long term at very low current levels for an extended period.
- Ready to adjust monetary policy as needed.