BoJ Gov Kuroda: will adjust policy as needed in order to maintain momentum towards 2 pct price target

Market news

27 April 2018

BoJ Gov Kuroda: will adjust policy as needed in order to maintain momentum towards 2 pct price target

BoJ remains committed to achieving 2 pct price target at earliest possible time
Timeframe was always just a forecast, not a firm limit
There is view that timeframe for price target was a limit implying immediate policy change
Focus on timeframe was not good for communication
Think it's appropriate to continue powerful monetary easing

Kuroda: will consider further easing if momentum towards 2 pct price target weakens

BoJ quarterly report: Japan's economy expected to continue expanding moderately

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