BoJ Dep Gov Nominee Amamiya: Momentum towards 2% inflation target is alive and well

More comments flowing in from the BoJ Deputy Governor Amamiya, as he is still speaking at the Lower House confirmation hearing in parliament.

Will support Kuroda and express his own opinions if appointed deputy governor.

Benefits from easing policies outweigh the costs.

Will scrutinize between costs and benefits in guiding monetary policy.

BoJ has some responsibility for long deflation period.

Hitting 2% inflation target is harder than first thought.

Momentum towards 2% inflation target is alive and well.

Aiming at 2% price target will lead to FX stability in long-term.

BoJ is aiming at a virtuous cycle, not just to hit 2%.