Will ease policy further on three dimensions if necessary – BOJ’s Kuroda

Bank of Japan (BOJ) Governor Kuroda is now crossing the wires, reiterating that the Japanese economy continues to recover at moderate pace, while noting that the central bank may ease further if needed.

Key Quotes:

Japan's economy has continued to recover moderately

Japan's economy to continue a moderate recovery

Underlying inflation has been improving steadily

Expect consumer price inflation to accelerate to 2 pct price target

Consumer inflation to hit 2 pct in first half of fy2017

Financial markets are showing signs of uncertainty due to worries about china's economy

Will continue QQE with negative rates as long as needed to meet price goal

Negative interest rate policy is lowering rates

Expect positive effect of negative rates to spread to economy, prices

Will closely watch effect of market moves on Japan's economy, prices

Will ease policy further on three dimensions if necessary