BOJ Governor Kuroda said he will make policy adjustments to keep the inflation growth momentum at 2%. His most prominent comments were as follows:
- The policy will be modified if circumstances so require.
- We will take account of economic, financial and price conditions.
- Inflation has not met short-term expectations.
- We will continue with the current monetary policy.
- We will patiently follow the current policy until inflation reaches the desired levels.
- Global financial markets have been volatile, but fundamentals remain strong
- The volatility remained slightly higher after the decline.
- The economic impact of recent market volatility is limited.
- We will continue to monitor the financial markets closely.
- US trade policy is recognized as a risk factor for the global economy.
- Monetary policy focuses on interest rates and not on the size of the bond purchase program.
- The volume of bond purchases at 80 trillion yen is just a guideline.
- There is a high chance that inflation will target the desired levels.
- The current situation does not necessitate departing from the current policy.
