BoJ’s Kuroda blames oil drop for downgrades in price outlook

The Bank of Japan (BoJ) Governor Kuroda is on the wires now, via Reuters, speaking at the BoJ post-monetary policy meeting press conference.

Key Headlines:

Oil drop is key reason for downgrades in price outlook.

Falling oil prices effect only temporary.

Price momentum is firmly maintained.

Expects inflation to pick up towards 2% target.

Appropriate to continue current easing policies persistently.