Bank of Japan (BOJ) is speaking at the post-policy meeting conference on Tuesday, commenting on inflation and wage growth outlook.

Key quotes

Sustainable, stable achievement of inflation target should be determined on not just wage figures but also on economic, price trends, underlying mechanism, future outlook.

Necessary to achieve 2% inflation target sustainably, stably in tandem with wage growth.

Today’s decision on yield curve control is not an exit of yield curve control or change in policy.

Appropriate to continue easing policy.

Decision was made today as deteriorating market functions could threaten corporate financing.

Bond market volatility has recently been heightening again, distorting yield curve shapes.

Expects volatility in global financial markets to decrease gradually.

more to come …

This article was originally published by the original article here.


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