BOJ’s Kuroda: Can achieve 2% inflation target by patiently continuing powerful monetary easing

The Bank of Japan’s (BOJ) Haruhiko Kuroda said that the central bank can achieve a 2% inflation target by patiently continuing its powerful monetary easing while speaking at its post-monetary policy meeting press conference scheduled on Tuesday.

Additional comments

Will ease monetary policy further without hesitation as needed.

Consumption will be stalling at low levels during a state of emergency curbs.

Cheaper cell phone charges weigh on consumer prices by 0.5% to 1.0%.

Must support the financing of face-to-face service industries.

Could consider extending corporate financing support if severity in funding persists.

Currencies remain stable in narrow range among major economies due to 2% inflation target.

• USD/JPY clings to gains near one-week tops, comfortably above 108.00 mark