BoJ's Kuroda: Ready to ease further, will not hesitate

Bank of Japan (BOJ) Governor Kuroda is now on the wires, via Reuters, addressing the much-awaited press conference, following the bank’s monetary policy decision announced earlier on the day.

Key Quotes:

To set short-, long-term rate targets at meetings

Japan economy no longer in deflation

New framework will allow monetary policy to be more flexible, sustainable

Will pursue stronger monetary easing than before to achieve 2 pct inflation target as early as possible

To hit 2% CPI target at earliest possible time

Won't hesitate to add stimulus if needed

Strong commitment to continue monetary easing until inflation exceeds 2%

Options for more easing include lowering target yields

To achieve sustainable econ growth through synergy effects of monetary policy with govt fiscal, structural policies