BOJ’s Kuroda: Momentum in the price trend is lacking

BOJ Governor Kuroda crossed the wires last minutes, via Reuters, commenting on the inflation outlook and monetary policy program.

Key Headlines:

Need to closely monitor the trend in prices as momentum is still lacking

Consumer spending was weak but is now starting to recover

Economy has continued its moderate recovery trend

BOJ needs to continue monetary easing to achieve price target

BOJ still has a long way to go to hit price goal

Shape of yield curve is in line with BOJ policy