BoJ’s Kuroda: Will adjust policy to keep momentum towards 2% target

Here are some of the key comments made by the BoJ Governor Haruhiko Kuroda at the post-meeting press conference.

   “¢   Decided to enhance the sustainability of the current policy.
   “¢   No fundamental change to yield curve control.
   “¢   To allow bond yields to move in double the range of +0.1% and -0.1%.
   “¢   Not anticipating a rise in long-term rates.
   “¢   Board member Kataoka opposed outlook report saying prices not rising toward 2%.
   “¢   Will adjust policy as needed to keep momentum towards 2% target.
   “¢   Factors that delayed an increase in inflation to dissipate in future.
   “¢   Momentum toward 2% inflation is firmly in place.