BOJ Gov Kuroda: Reiterates domestic economy is expanding moderately, must maintain 'powerful' monetary easing
- Reiterates view that important to continue easing persistently
- Reiterates will guide policy appropriately while scrutinizing risks that warrant attention.
- Reiterates that inflation likely to gradually accelerate towards 2%
- Need to closely watch protectionism
- Conditions expected to get tougher for Shinkin banks (regional banks).
- The profitability of regional financial institutions falling as a trend, due to declining population, falling number of firms and prolonged low rates.
- Reiterates no overheating in finance sector.