BOJ Gov Kuroda: Moving steadily to 2% CPI target; No need to adjust policy at this time but will not hesitate to do so if necessary - post rate decision press conference
- Reiterates view to see 2% CPI from late FY14 toward FY15
- Initially the yen weakening was a large factor in price gains; now tight labor market having an inflationary effect
- Economy is near full employment, pushing up prices and wages
- Inflation expectations are rising
- Temporary factors such as cold weather in US and lunar new year are behind weaknesses in exports
- Japan growth to continue to exceed potential
- CAPEX to continue to rise moderately
- Exports likely to rise moderately
- No change in price outlook
- Reitrates Govt view that Bitcoin is not qualified to be a currency