Kuroda told G7 that BOJ will patiently continue with powerful easing

The questions for Kuroda will continue.

Today's CPI report showed 2.5% headline and 2.1% core prices. Kuroda acknowledged that but also said that he's forecast 2% inflation for awhile and that it's not sustainable in Japan.

For its part, the yen was largely unmoved by the data and Kuroda's comments. It's set for a second doji in a row.

More:

• Japanese inflation excluding energy and fresh food likely to rise quite steadily ahead
• Expects Japan's inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term to gradually pick up in tandem with rise in wages by maintaining powerful monetary easing

There's no sign in the BOJ abandoning yield curve control here.