Bank of Japan (BOJ) Governor Haruhiko Kuroda is speaking at the post-policy meeting conference on Wednesday, noting that “will continue monetary easing to achieve sustainable, stable inflation to take hold.”
Won't hesitate to ease monetary policy further if necessary.
Core CPI is around 3% now but expect it to fall to below 2% next fiscal year.
Cannot say we have reached a stage where prices are expected to grow sustainably and stably.
Japan’s economy still on path towards recovery from pandemic.
Will conduct flexible market operations.
It is now important to support economy and encourage companies to raise wages.
USD/JPY is rising back above 131.00 on Kuroda's dovish remarks. The spot is trading at 131.09, up 2.30% on the day.