BOJ's Kuroda: CPI likely to be slightly negative for time being

Bank of Japan Governor Kuroda is speaking to a branch managers meeting, noting that CPI is likely to be slightly negative for time being, Reuters reports.

Key headlines via Reuters

Japan's economy expected to expand moderately as a trend

Japan consumer inflation likely to be slightly negative or around zero % for time being

Japan's financial system maintaining stability

BOJ will maintain QQE with negative rates for as long as needed to achieve 2% inflation in stable manner

BOJ will take additional easing steps via quantity, quality of asset buying and interest rates if needed