BoJ’s Kuroda: Inflation expectations are now slightly picking-up

Key quotes from the BoJ Governor Kuroda are noted below, as he speaks on the bank’s monetary policy programme at the ECB’s policy panel: ‘At the heart of policy: challenges and opportunities of central bank communication.

Inflation expectations are now slightly picking-up.

Inflation formation in Japan is largely backward looking.

Making a strong commitment to achieving 2% price target.

We continue with the strong accommodative policy.

So as to reduce output gap further and boost employment and wages.

Communication is a matter of policy itself.