Bank of Japan Governor Kuroda says expects core CPI to pick up gradually

BOJ Governor Kuroda tends to make optimistic noises about the Bank achieving its CPI target (2%) eventually.

Kuroda is speaking today, at the Bank's quarterly meeting on regional economies.

Reuters headlines:

• Japan's economy picking up as trend although situation remains severe due to coronavirus
• closely watching coronavirus impact, won't hesitate to ease policy further if necessary
• Japan's core CPI expected to linger around 0% near term, pick up pace gradually
• Japan's financial system remains stable, financial conditions are accommodative overall
• Japan's economy likely to recover ahead as coronavirus impact eases