BOJ Gov Kuroda: Japan economy is moving smoothly towards price target - post rate decision press conference
- Will continue current policy if risk don't appear
- Downside risks to Japan economy are receding
- Reiterates view that monetary policy aimed at domestic price stability not Fx levels
- Reiterates view that expects to see 2% inflation by end fiscal year 2014 into fiscal year 2015
- A few at BOJ hold more cautious views on prices
- Don't see why low inflation in other countries would weigh on price growth in Japan
- Growth to slow significantly in Q2 (from increase in sales tax) before gradually recovering
- BOJ policy based on 2-stage sales tax hike
- Will make policy adjustment as needed
- Downside risks to Japan economy are receding
- Reiterates view that monetary policy aimed at domestic price stability not Fx levels
- Reiterates view that expects to see 2% inflation by end fiscal year 2014 into fiscal year 2015
- A few at BOJ hold more cautious views on prices
- Don't see why low inflation in other countries would weigh on price growth in Japan
- Growth to slow significantly in Q2 (from increase in sales tax) before gradually recovering
- BOJ policy based on 2-stage sales tax hike
- Will make policy adjustment as needed