BOJ governor Kuroda still going on
- Board members view downside risks from overseas economies are somewhat large
- If EM slowdown continues it could hurt Japanese trade and corp earnings
- There's no limits to BOJ's ability to ease policy further
- There was no proposal to ease further at today's meeting
- Desirable if prices rise to target in a balanced way with wage growth and corp profits
- Board judged that can achieve price target by carrying out current easing
- QQE transmission mechanism is working as expected
- Expects wages to rise further given corp profits and tightening labour market
- Wage growth has been somewhat weak considering level of corp profits
- BOJ is not planning to directly try and cause wage rises
