BoJ’s Kuroda: Aiming at 2% inflation contributes to forex stability

More comments flowing in from the BoJ Governor Kuroda, as he speaks in Parliament in Tokyo.

Key Points:

No plan for a comprehensive assessment (review of BOJ policy) at this point.

Aiming at 2% inflation contributes to forex stability.

Over the long term, aiming at 2% help forex stability.

Appropriate to keep targeting 2 pct inflation given Japan’s economic, price situation.

See no problems with bank earnings from monetary policy but will continue to monitor financial sector.

Key Notes:

USD/JPY drops on Kuroda's powerful jawboning

BoJ Kuroda speaking in parliament: delay in achieving the 2 Pct target is regrettable