BOJ’s Kuroda – Need to continue powerful monetary easing
|Bank of Japan (BOJ) governor, while speaking in the parliament today, stressed the need to continue powerful monetary easing, but acknowledged that the virtuous cycle is strengthening.
Key quotes
Inflation expectations are weak, need to monitor closely
Confident prices will reach 2% target with current easing, global growth is clearly improving
Japan’s output gap is improving rapidly
Price momentum toward 2% target is being maintained, further adjustments of policy if needed
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