More comments flowing in from the BoJ Governor Kuroda, via Reuters, as he continues to speak on the inflation and employment outlook.
It has become clear it will take some time to change public inflation expectations.
Markets have been volatile since the start of the year, close coordination with overseas policymakers is important.
Abenomics is necessary and is the appropriate mix of economic policies to defeat deflation.
Not sure if the jobless rate will continue at that level.
Japan is out of the deflationary situation.
But have yet to declare exit from deflation just yet.
As with other central banks, BOJ believes achieving 2% inflation target is key to achieving price stability.
It will take time to change the deeply rooted deflationary mindset
That mindset is a reason why prices are not rising strongly
Prices remain weak but is maintaining momentum towards 2% inflation target
2.4% unemployment rate was 'a little surprising'.
Will adjust policy if needed, while scrutinizing whether economy maintaining momentum to hitting target.
Will need to consider further easing if necessary.
Inflation is likely to reach 2% around fiscal year 2019.
Not saying that the BOJ will never change its yield targets.
Inappropriate to talk about stimulus exit now given the distance to the 2% price target.
Will communicate exit with the market when the time is right.
Will maintain the current policy for now as the momentum is good.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.