BOJ’s Kuroda: No change to our stance of proceeding with strong monetary easing

The Bank of Japan (BOJ) Governor Kuroda is on the wires now, addressing the post-monetary policy decision press conference, with the key headlines, via Reuters, found below:

Japan’s economy expanding moderately

Downside risks to prices are larger

Board Member Kataoka voted against decision saying possibility low for inflation to accelerate towards 2%

No change to our stance of proceeding with strong monetary easing to hit 2% price target at earliest possible date

Important for Govt to maintain trust in fiscal policy, given high level of public debt

PM Abe hasn't given up on primary budget surplus target

Expect Govt to continue to take steps toward fiscal discipline

Will continue ETF purchases based on guideline on asset purchases

Not buying ETFs with specific stock prices in mind

BOJ Press Conference

Kuroda, BOJ's Governor, will give a press conference in order to communicate with investors regarding monetary policy. He talks about the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.