BOJ’s Kuroda: Will continue with QQE until prices meet inflation target

Bank of Japan (BOJ) Governor Kuroda is out on the wires now, via Reuters, addressing the post-monetary policy meeting press conference.

Key Headlines:

Will continue with QQE until prices meet inflation target

Will adjust policy if needed to maintain price target momentum

CPI to hit 2% in FY 2018 and will move stably around that level thereafter

Output gap has turned positive, which helps maintain price momentum

Don't see any problems in purchasing JGBs of around JPY 80trln per year

Debating exit strategy now will cause market confusion