BOJ's Kuroda: Will maintain easing for as long as needed to hit stable 2% inflation

BOJ Governor, Kuroda, said that they will maintain easing for as long as needed to hit stable 2% inflation.

• Expects inflation to gradually pick up to 2%.
• BoJ will keep short-, long-term rates at current very low levels for extended period, at least through around spring 2020.
• BoJ will continue expanding monetary base until consumer inflation stably exceeds 2%.
• BoJ will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner.
• Consumer inflation is moving in range of 0.5%-1.0%.
• Japan's financial system is maintaining stability.
• Japan's economy likely to continue expanding moderately as a trend, though affected by overseas slowdown for time being.
• Japan's economy has been expanding moderately as a trend, though exports, output have been affected by overseas slowdown.