Amamiya speech, full text is here

more to come

  • We are aiming to achieve average 2% inflation , not a temporary rise to that level
  • We will judge sustainability of inflation, looking comprehensively at various indicators, price outlook, output gap, inflation expectations and wage moves
  • What's important is to create positive cycle where wages, inflation rise simultaneously
  • BOJ must support economy with monetary easing as recovery not solid, wage development remains uncertain
  • Japan's real interest rates are falling as households' inflation expectations heightening, while nominal rates are kept low
  • We must not lose our grip on keeping monetary conditions easy as there is no prospect yet of meeting out 2% inflation target sustainably
  • BOJ will see sustained, stable achievement of price target, accompanied by wage rises via easy monetary policy