Highlights from the Kuroda press conference by Milan Cutkovic

The Bank of Japan Governor is currently holding the press conference.

  • Kuroda: Won’t comment on FX levels, daily moves
  • Kuroda: Weak yen improves earnings exporters, firms operating globally
  • Kuroda: Exports expected to recover moderately ahead
  • Kuroda: Deisrable that FX rates move in way that reflects econ fundamentals, will continue to watch FX / fin mkt moves
  • Kuroda: Breakeven inflation rates falling due to decline in Oil prices, other surveys show inflation expectations stable
  • Kuroda: No change to stance that BoJ will adjust policy without hesistation if risks lead to change in forecasts

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