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‘Won’t hesitate to adjust policy if needed to achieve BoJ’s price target’ - Kuroda

FXStreet (Mumbai) - Speaking in Osaka on Monday, Bank of Japan (BOJ) Governor Kuroda repeated the same old tune that the central bank will continue with the accommodative monetary policy settings as long as needed to achieve 2% price target.

Key Quotes:

Won’t hesitate to adjust policy if needed to swiftly achieve BoJ’s price target

Will maintain QQE for as long as needed to achieve 2 pct inflation target

Positive economic cycle must strengthen further for Japan to hit 2 pct inflation target

Pace of increase in capex, wages is lacklustre despite record corporate profits

Japan can hit 2% CPI target in 1st half of FY16
It takes time to change deflationary mindset of firms, households

BoJ will continue to strongly commit itself to overcoming deflation, achieving 2 pct price target

Fundamentals of Japan's economy remain strong, QQE exerting intended effect toward pulling Japan out of deflation

Exports likely to remain flat for time being but resume gradual increase as emerging economies

Japan's economy expected to continue recovering moderately

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The data released by the Commodity Futures Trading Commission (CFTC) showed the speculators trimmed their overall bearish positions last week for the first time in six weeks.
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Lee Hardman, Currency Strategist at MUFG, notes that the BOJ Governor Kuroda has not provided the markets with any signals about the imminent easing from the central bank.
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