Bank of Japan (BoJ) Gov Kuroda: will not hesitate to adjust policy if needed to achieve 2% inflation target; no comment on whether BOJ will ease policy next week - Davos comments
- Currently underlying price trends are solid in Japan; Some indicators of long term inflation expectations have been weak
- BOJ carefully watching market turbulence that started this year for any impact on Japan economy
- Overall, lower oil prices are a net benefit for the global economy; the rapid drop in oil prices and its impact on emerging economies has created risk to global outlook