Governor BOJ Kuroda emphasizes the continuation of the current monetary policy

10 Jan 2019 09:49 AM

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.

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