After the Bank of Japan kept its current monetary policy, the bank's governor Kuroda recently appeared at a press conference to form a clearer picture of the bank's outlook for the coming period. His most prominent statements were as follows:
- Growth momentum for fiscal year 2019 is expected to continue to 2020.
- Momentum growth will continue to accelerate until it reaches 2%.
- Inflation could reach 2% by fiscal year 2019.
- The downside risks to prices maybe increase by 2019.
- The bank's expectations of the timing of the inflation target have not changed.
- We will try as much as possible to reach inflation to 2%.
- The time frame is only expectation and not limits.
- Focus on the time frame was not good to communicate.
- We will take new expansion measures if circumstances so require.
- This will happen if inflation growth slows.
- We will continue the current expansionary monetary policy.
- A state of uncertainty surrounds the aspirations in general.
- The timing of the inflation target has not been erased due to delays in accessing it.
- The economic outlook does not change in the medium and long term.
- Changing the language is not associated with a new board membership.
- Changing the wording is only to clarify things more.
- We will not change our commitment to inflation at 2%.
