Comments from Bank of Japan (BOJ) Governor Kuroda

  • Japan's economy has continued to recover moderately
  • Japan's economy to continue a moderate recovery
  • Underlying inflation has been improving steadily
  • Expect consumer price inflation to accelerate to 2 pct price target
  • Consumer inflation to hit 2 pct in first half of FY 2017
  • Financial markets are showing signs of uncertainty due to worries about China's economy
  • Will continue QQE with negative rates as long as needed to meet price goal
  • Negative interest rate policy is lowering rates
  • Expect positive effect of negative rates to spread to economy, prices
  • Will closely watch effect of market moves on Japan's economy, prices
  • Will ease policy further on three dimensions if necessary
  • Negative rates, JGB buying will lower short and long end of yield curve
  • Negative rate policy intended to spur econ activity and bank lending
  • Negative rates to amplify positive effects of QQE

via Reuters

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That '3 dimensions' comment - he is referring to further easing on quality, quantity, rates

Though, before the nutjob blogs get hold of it, can I be first to say Kuroda is a 3D printer!

yuck, yuck, yuck ....