Bank of Japan (BOJ) Governor Kuroda speaking today

  • Can expand asset buying further if needed
  • Negative rate policy doesn't show we've reached JGB buying limit
  • Japan's economy has continued to recover moderately
  • Inflation trend is improving steadily
  • will do whatever it takes to hit 2% inflation
  • Will pursue innovation in monetary policy means
  • Somewhat worried medium to long term inflation expectations are weakening
  • Uncertainty heightening on outlook for chinese, emerging economies
  • Market instability may hurt business confidence, discourage firms from boosting wages, capex
  • If risks to business confidence materialize, that could affect price trend
  • Negative rates, JGB buying will lower short and long end of yield curve
  • Can push interest rates below 0.1% if needed

Headlines on Bloomberg and Reuters

Full text: Introduction of "Quantitative and Qualitative Monetary Easing with a Negative Interest Rate"

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Later he'll be appearing in parliament, from around 3.10pm local time (0610GMT)