BOJ’s Kuroda: Can achieve 2% inflation target by patiently continuing powerful monetary easing

Dhwani Mehta FXStreet

The Bank of Japan’s (BOJ) Haruhiko Kuroda said that the central bank can achieve a 2% inflation target by patiently continuing its powerful monetary easing while speaking at its post-monetary policy meeting press conference scheduled on Tuesday.

Additional comments

Will ease monetary policy further without hesitation as needed.

Consumption will be stalling at low levels during a state of emergency curbs.

Cheaper cell phone charges weigh on consumer prices by 0.5% to 1.0%.

Must support the financing of face-to-face service industries.

Could consider extending corporate financing support if severity in funding persists.

Currencies remain stable in a narrow range among major economies due to the 2% inflation target.

2% inflation target will be achieved in 2024 or later.

Too early to debate specific exit strategy from monetary stimulus.

How to unwind bloated balance sheet and raising interest rates would be issues to consider when it comes to exit strategy.

Don't expect any immediate major disruption from the US-China situation.

USD/JPY clings to gains near one-week tops, comfortably above 108.00 mark

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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