BOJ Governor, Kuroda, said that they will maintain easing for as long as needed to hit stable 2% inflation.
- Expects inflation to gradually pick up to 2%.
- BoJ will keep short-, long-term rates at current very low levels for extended period, at least through around spring 2020.
- BoJ will continue expanding monetary base until consumer inflation stably exceeds 2%.
- BoJ will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner.
- Consumer inflation is moving in range of 0.5%-1.0%.
- Japan’s financial system is maintaining stability.
- Japan’s economy likely to continue expanding moderately as a trend, though affected by overseas slowdown for time being.
- Japan’s economy has been expanding moderately as a trend, though exports, output have been affected by overseas slowdown.
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