15 Mar 2016
Will continue QQE with negative rates and take further easing steps if necessary - BOJ’s Kuroda
Bank of Japan (BOJ) Governor Mr. H Kuroda is now on the wires via Reuters, as the central banks’ press conference gets underway.
Key Quotes:
Japan's economy continues to recover moderately as a trend
Japan positive econ cycle still in place
Exports, industrial output to remain sluggish for time being but gradually recover
Inflation expectations rising from longer-term
perspective but have recently weakened
Inflation trend is rising steadily
CPI growth to hit 2 pct around first half of fiscal 2017
Need to watch risk of global market instability
negatively affecting Japan's price trend
Will continue QQE with negative rates as long as needed to meet price goal stably
Will take further easing steps if necessary
Policy effects of QQE with negative rates have been seen on interest rates
Key Quotes:
Japan's economy continues to recover moderately as a trend
Japan positive econ cycle still in place
Exports, industrial output to remain sluggish for time being but gradually recover
Inflation expectations rising from longer-term
perspective but have recently weakened
Inflation trend is rising steadily
CPI growth to hit 2 pct around first half of fiscal 2017
Need to watch risk of global market instability
negatively affecting Japan's price trend
Will continue QQE with negative rates as long as needed to meet price goal stably
Will take further easing steps if necessary
Policy effects of QQE with negative rates have been seen on interest rates