BoJ's Kuroda:  Appropriate to continue monetary easing to support economy for now

The Bank of Japan's governor Haruhiko Kuroda has crossed the wires with key notes as follows:

Key notes

Cost-push inflation driven by rising import costs likely to start dissipating next year.
    
Upward revision in Bank of Japan's Oct quarterly report reflects our view that prices are likely to gradually rise accompanied by wage hikes.

 Appropriate to continue monetary easing to support economy for now.
    
 Most appropriate policy now is to put downward pressure on entire yield curve with YCC.
    
Making YCC more flexible is a future policy option but not something to do now.

Recent yen weakening excessive, one-sided and undesirable.

USD/JPY update

The yen has firmed in Asia:

The price broke structure with eyes on 147 the figure in the near term.