Bank of Japan Governor Kuroda says emphatically Japan will not tighten monetary policy

Bank of Japan Governor Kuroda, plenty of chat, the later part he touches on yen weakenss. Kuroda has said before he is not concerned with it, saying so again: Japan is absolutely not in situation that warrants tightening monetary policy Our biggest priority is to support japan’s economy by continuing with powerful monetary easing Japan does not face trade-off between economic, price stability and so can continue to stimulate demand with monetary policy Wages and prices must mutually rise in order for Japan’s inflation to stably hit 2% BOJ will be unwavering in its stance of maintaining monetary easing to ensure recent rise in inflation expectations lead to sustained price rises Recovery in Japan’s consumption, capex is weaker than in US, Euro-zone economies Weak yen pushes up both export and import prices, so its impact on terms of trade is roughly neutral More: Amount of BOJ’s bond-buying has not increased much despite BOJ’s recent decision to offer unlimited buying of 10-year JGBs at 0.25%Fed’s policy response will likely contribute to stable global growth, though must be mindful of risks such as possible stock market adjustment, capital outflows from emerging markets Yen is barely responsive: