Bloomberg reports headlines by the BOJ Governor Kuroda, delivered during his interview with Bloomberg TV overnight.
Doesn't see any constraints to BOJ policy
BOJ has 40% of JGBs, that means 60% are in the market
FX rate can affect inflation in the short term
We see a gradually rising inflation rate
When the yen rises due to global geopolitical risks, it complicates policy
Our inflation forecast is based on continued improvement in jobs and closing of the output gap
We're confident we can meet our inflation target in mid-2018 but that assumes stable yen
We will stick to yield-curve control, that means JGB purchases could rise or fall depending on market conditions
Real economy is better than we anticipated a few month ago but inflation still sluggish
Japan's output rising as a trend, domestic demand also firm
Japan's economy maintaining momentum toward hitting BOJ price target but that momentum not necessarily strong
No clear upward shift in price momentum detected so far
BOJ will continue to pursue easy monetary policy to hit 2 percent target at earliest date possible
"We stick to yield curve control. Under yield-curve control, purchases may decline or increase but we think the current pace of purchases and monetary base increase will continue for some time."
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