The latest headlines are crossing the wires from the Bank of Japan (BoJ) Governor Kuroda, as he speaks at the press conference following the monetary policy decision announced earlier today.
Key Points:
Growth momentum to continue into fiscal year 2019 to 2020.
Growth in 2018 is to continue to exceed potential.
Inflation momentum to continue faster towards 2%.
Likely inflation will reach 2% around fiscal year 2019.
Downside risks to prices are higher from fiscal year 2019 onwards.
No change in BoJ's view for projected timing for target.
Remains committed to achieve 2% target at earliest possible time.
There is a view that timeframe for inflation target was a limit implying immediate policy change.
Timeframe was always just a forecast, not a firm limit.
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