BoJ’s Kuroda: Still need to maintain quantitative easing

Following the comments from the BoJ Deputy Governor Iwata, Reuters reports the key headlines from the BoJ Governor Kuroda’s speech in Parliament.

Maintaining the 2% price target is very important.

We are still halfway to achieve the 2% price target.

No change to approach in quantitative easing.

Still, need to maintain quantitative easing.

Must patiently maintain powerful easing as inflation is still distant from 2% inflation target.

But must watch out for the impact of prolonged easing on banks' profits.

Meanwhile, the Yen ran through fresh offers on the above headlines, driving USD/JPY back above the 110 handle, but still down -0.15% on the day.