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

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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