BOJ’s Kuroda: Chance of Japan’s consumer inflation accelerating sharply very small

“Chance of Japan’s consumer inflation accelerating sharply is very small”, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday.

Additional quotes

Must continue monetary easing bit longer as inflation short of 2%.

Wage growth holds key for Japan to see inflation sustainably accelerate near 2%.

Can't say how widening US-Japan interest rate differentials would affect forex moves.

Monetary policy direction of central banks does not necessarily have to be in same direction.

True that households find it hard tolerate price rises.

Commodity price fluctuations tend to be temporary so inappropriate to address them with monetary policy.

Prolonged monetary easing helped boost corporate profits, put end to Japan’s deflation so not entirely bad for financial institutions.

Premature to debate exit from easy policy during my remaining term as BOJ governor.

Expect wages will gradually rise at a faster pace.