BoJ’s Maeda: BoJ is maintaining ultra-easy policy as inflation is distant from target

The Bank of Japan (BoJ) Executive Director Maeda is out on the wires now, via Reuters, speaking on the monetary policy programme in Parliament.

Key Points:

BoJ will continue monetary easing.

Medium and long-term inflation expectations are emerging from weakness.

Japan's economy making steady progress towards achieving 2% inflation target.

Maintaining ultra-easy policy as inflation is distant from the target.