BOJ’s Kuroda: Appropriate to continue current policy for now

More comments crossing the wires from BOJ Governor Kuroda, as his press conference gets underway.

Key Points:

In general weak yen raises prices, pushing up import costs

Weak yen can also indirectly affect output gap

Japan economy to continue to grow above its potential from now on

Will debate weak yen impact at next outlook report

Upgrade in economic assessment based on overseas economic recovery, pick-up in Japan's exports, factory output and pvt consumption.

Appropriate to continue current policy for now

Monetary policy does not target fx

Current fx situation is strong USD not weak yen

Diverging mon pol between Japan/US could affect fx market

Current formation of the yield curve is appropriate

Yield curve control working well; do not think yen has weakened excessively at this stage