BOJ Kuroda: will maintain yield curve control as long as is necessary

Joshua Gibson FXStreet

The Bank of Japan's (BoJ) Governor Kuroda is speaking at the central bank's quarterly branch manager meeting, delivering even-toned statements that he hopes will continue to push Japan's economy towards the BoJ's targets.

Key highlights

Japanese economy expanding moderately, expects it to continue doing so.

Japan's consumer inflation is moving between 0.5% and 1.0%.

Japan's financial system is maintaining stability above all else.

The BoJ will continue to control the yield curve for as long as needed until inflation hits their 2% target.

The central bank will adjust its monetary policy as needed to maintain economic momentum.

The BoJ will continue to expand the monetary base until consumer inflation stably exceeds 2%.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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