BoJ Kuroda: No plan to change current policy framework before 2% target is met
More comments from the BoJ Governor Kuroda's post-meeting press conference.
• The Japanese economy is better at this point in time
• Will need to consider further easing if momentum towards 2% inflation target is lost
• There are downside risks to current outlook so need to manage policy carefully
• Not considering adjusting yield curve at the moment
• Adjustment of rate can happen in theory before inflation hits 2%
• No plan to change current monetary policy framework or weaken it before 2% inflation target is met
• International society agrees on importance of free trade
• G-20, G-7, WTO, IMF all share same view on that importance
• Doesn't think protectionism will spread globally, but will closely watch developments
• Trade policy can have an impact on the economy