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.
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