BOJ's Kuroda: Will maintain QQE with curve control as long as needed to achieve 2% inflation target

Omkar Godbole FXStreet Contributor

The key points from the text of Bank of Japan (BOJ) governor Kuroda's speech to a branch manager meeting are crossing the wires via Reuters:

Japan's economy is expanding moderately with consumer price inflation (CPI) inflation moving around 1 percent.
The central bank would maintain QQE with yield curve control as long as needed to achieve the 2 percent inflation target in a stable manner.
Will continue expanding monetary base until CPI stably exceeds 2 percent.
Will keep rates at very low levels for an extended period and adjust policy as needed to maintain the economy's momentum to achieve its price target.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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