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- BOJ Gov Kuroda; wanted to make stance clear on persistent easing
BOJ Gov Kuroda; wanted to make stance clear on persistent easing
virtuous economic cycle is in place
consumer prices have remained somewhat weak
expect CPI to pick up toward 2% gradually
risks are tilted to downside for economy, prices
Board member Kataoka opposed assessment of prices in Economic Outlook Report
it is likely to take time to hit price target
will adjust monetary policy swiftly as needed to maintain momentum toward 2pct price target
aim is to boost trust in BOJ by clarifying guidance
fully possible time frame under forward guidance could spring 2020
made it clear that the guidance applies for long time
our forward guidance is based on state of economy and prices
some had seen rate increase coming right after tax hike -BOJ judgements are data dependent
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