BOJ’s Kuroda: Will continue with QQE until prices meet inflation target
|Bank of Japan (BOJ) Governor Kuroda is out on the wires now, via Reuters, addressing the post-monetary policy meeting press conference.
Key Headlines:
Will continue with QQE until prices meet inflation target
Will adjust policy if needed to maintain price target momentum
CPI to hit 2% in FY 2018 and will move stably around that level thereafter
Output gap has turned positive, which helps maintain price momentum
Don't see any problems in purchasing JGBs of around JPY 80trln per year
Debating exit strategy now will cause market confusion
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