BOJ Press Conference

BOJ's Kuroda: 

- Japanese economy to continue growing above potential

- Downside risk to prices seen as larger

- Even though the economy is growing, prices are still weak and 2% target is distant

- Japan's economy needs persistent monetary easing

- BOJ isn't at a stage to consider stimulus exit

- No need to adjust ETF purchases now

- Haven't observed excessive bullish expectations in the stock market

- See no need to, and not considering changing 2% inflation target

- Even with improvements in the economy and income, Japan still far from 2% objective

Impact : Strong 

Sentiment : Weaken JPY

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