BoJ’s Kuroda: Will patiently maintain powerful monetary easing

Reuters came out with the latest comments from the BoJ Governor Kuroda, delivered yesterday at the Keindanren (Japan Business Federation) in Tokyo.

Key Headlines:

Will patiently maintain powerful monetary easing.

Inflation remains weak despite economy's expansion, tightening job market.

Japan is no longer in deflation - which is defined as sustained price declines.

Global economy entering a new phase, moderate growth likely to continue.

Japan economy is virtually at full employment.

Long way to go to achieve price stability target.