31 Jul 2018
BoJ's Kuroda: Will adjust policy to keep momentum towards 2% target
Here are some of the key comments made by the BoJ Governor Haruhiko Kuroda at the post-meeting press conference.
• Decided to enhance the sustainability of the current policy.
• No fundamental change to yield curve control.
• To allow bond yields to move in double the range of +0.1% and -0.1%.
• Not anticipating a rise in long-term rates.
• Board member Kataoka opposed outlook report saying prices not rising toward 2%.
• Will adjust policy as needed to keep momentum towards 2% target.
• Factors that delayed an increase in inflation to dissipate in future.
• Momentum toward 2% inflation is firmly in place.