Today’s BOJ action wasn’t additional easing – BOJ’s Kuroda

By FXStreet FXStreet (Mumbai) – Bank of Japan (BOJ) Governor Haruhiko Kuroda is now crossing the wires as the BOJ press conference gets underway, clarifying the additional measures announced at its policy meeting earlier today.

Key Quotes:

Economy continues to recover moderately

BOJ’s Kuroda says timing of hitting 2% cpi can change due to oil prices

Emerging econ slowdown not threatening 2% target
Dec tankan confirms positive growth cycle intact

Firms’ concern over china slowdown not erased

Today’s action not additional easing on risks

Today’s action to help quick response to risks

Today’s steps aimed at ensuring QQE can be expanded swiftly if needed

Extended duration of JGB portfolio is to ensure smooth purchases under QQE

Inflation expectations appear to be rising on the whole from somewhat longer-term perspective although some indicators have recently shown relatively weak developments

More room for firms to invest in equipment, workers

Will continue QQE as long as needed and adjust policy if necessary
For more information, read our latest forex news. …read more

Source:: FX Street