Comments from Bank of Japan (BOJ) Governor Kuroda in the Japanese parliament today:
- QQE exerting intended effects
- Japan's economy continues to recover moderately
- Broad price trend improving, recent flat core cpi growth due mostly to effect of oil price falls
- Timing of when to hit 2 pct inflation will move around a bit depending on oil price moves
- Japan economy's fundamentals remain solid
- Global stock price falls caused by investors' risk aversion amid further declines in oil prices, uncertainty over China's economic outlook
- Will continue to watch closely how recent market moves could affect the economy and prices
- Won't hesitate to adjust policy if any change in broad price trend
- BOJ has sufficient tools if it needs to adjust monetary policy
- What steps BOJ may take in adjusting policy will depend on economic, price conditions at the time
- Not thinking about adopting negative interest rates now
- Negative interest rates have pros and cons
Headlines via Reuters
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No you're not experiencing deja-vu. its Kuroda, he does tend to say the same sort of things again and again
