Bank of Japan (BOJ) Gov Kuroda: Reiterates to continue with powerful easing, have taken appropriate policy at the right time - parliament
- Commitment is important to increase impact of policy - Reiterates not enough for just prices to rise
- BOJ wants inflation to rise amid virtuous economic cycle
- No comment on if he supports planned sales tax hike, that is up to the Govt and Diet
- Vital for govt to keep fiscal trust in long term
-Effect of 2019 sales tax hike likely to be less than in 2014
- Japan's debt is high, important to deal with that
- Reaction to 204 sales tax was larger than expected. BOJ underestimated short term impact at that time