Bank of Japan Governor Kuroda pointed out that changing the inflation target by 2% is neither necessary nor even appropriate. His most prominent comments were as follows:
- The Bank of Japan should seek to achieve an average inflation rate of 2% over the long run
- It is not necessary to commit to achieving the target at 2% all the time
- FED is an example about development of a very early exit strategy is undesirable
- Do not expect the Bank of Japan to continue expansionary monetary policy over the next decade
- Regional banks may face challenges in the next five, 10 or 15 years as earnings shrink
- The Bank of Japan's current easing policies are unlikely to be sound for such a long period of time
- Tensions between the United States and China are a trade hurdle and are more serious than those faced by the United States and Japan in the 1980s
