BOJ’s Kuroda: Appropriate to continue powerful easing

BOJ Governor H. Kuroda is out on the wires now, via Reuters, making a scheduled speech on the monetary policy and economic outlook.

Key Headlines:

Still have a long way to go to hit 2% price target

Still need to closely monitor consumer price trend

Expect consumer price gains to pick up pace

Yield curve has been moving in line with BOJ’s market operations

Appropriate to continue powerful easing

Japan's financial system remains stable

Economy is on firmer footing

Output and exports are rising