BOJ’s Kuroda: Open to more stimulus if 2% inflation target isn't met

Bank of Japan (BOJ) Governor Kuroda is out on the wires now, making a scheduled speech at a Wall Street Journal (WSJ) event.

Key Headlines:

If any country introduces protectionist measures it would that that country as well as global growth

Japan's inflation rate is still quite low

BOJ monetary policy is targeted at achieving 2% price target at earliest possible time

Not too concerned about normalisation of Fed policy as it reflects strength of US economy

US/Japan mon pols are tailor-made to each country's economic and financial developments, natural that the directions are different

Global economy started recovering mid-2016

G20 discussed how to address inequality in Italy, don't think protectionism is likely to prevail

Japans real economy greatly improved in the past four years

Open to more stimulus if inflation target isn't met, yield curve control is appropriate at this stage

BOJ "always" can do more to achieve its objective of hitting 2% price target, when asked whether BOJ can increase stimulus

At this stage not exiting extraordinary easing program

BOJ may have lessons to learn from how fed normalizes policy, though at this stage "we're not exiting"