Central Banks

Comments by BOJ governor Haruhiko Kuroda in his press conference

  • Price momentum towards 2% inflation is maintained
  • BOJ to keep extremely low rates for extended period
  • Says Kataoka opposed the outlook report on prices
  • Saying that Kataoka viewed low chance of inflation accelerating towards 2%
  • Global economy is continuing to grow overall
  • Trade protectionism may be a drag on global economy
  • China’s economy remains stable due to fiscal stimulus steps
  • Impact from US-China trade friction has so far been limited on Japan’s economy
  • JGB market functioning has improved somewhat since July policy change
  • JGB yields starting to respond more to move in yields overseas
  • Closely watching market moves to prevent side effects from monetary policy


Nothing new so far from Kuroda really. Mainly reiterating the same old rhetoric and talking up some calm that nothing has changed even after the central bank decided to trim its inflation forecasts.

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