More comments flowing in from the BOJ Chief Kuroda, as he continues to speak on the monetary policy:
Monetary policy should be conducted in a flexible manner
Comprehensive review is conducted with aim of achieving 2 pct price target at earliest possible time
There may be a situation where drastic measures are warranted even though they could entail costs
BOJ should always prepare policy options to address situations where drastic measures are warranted
Corporate profits are expected to decrease slightly this fiscal year but remain high
BOJ's Sept comprehensive review won't lead to discussions that could lead to tapering of monetary easing
Japan is no longer in deflation
Negative rate policy so far seems to have succeeded in lowering funding costs of firms, households
It is unquestionable that boj's QQE with negative rates have contributed significantly to turnaround in economy
Japan not in situation where financial intermediary functions are impaired from negative rate policy
Potential impact on financial intermediation, banks' profits needs to be taken into account in assessing effectiveness of negative rates
Impact of negative rates on financial intermediation can vary depending on duration of this policy
Substantial Oil price declines, weakness in private consumption and slowdown in emerging economies had negative impact on achieving price target
BOJ should take into account not only its powerful impact of QQE with negative rate but its impact on financial intermediation
There is still ample space for further cuts in negative rates, increase in asset buying
Inflation expectations have weakened since summer 2015 due to slowdown in emerging economies, volatile financial markets
BOJ will continue to choose most appropriate policy actions among these options depending on economic, price moves and financial conditions
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