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

The Bank of Japan's governor, Kuroda, is speaking in parliament, repeating the same statements that markets have heard time and time again and thus there has not been any reaction to the following statements so far.

• BoJ Gov Kuroda: said will continue powerful monetary easing to achieve price goal.
• BoJ Gov Kuroda: no plan to conduct another comprehensive review of BoJ policy.
• BoJ Gov Kuroda: the delay in achieving the 2 Pct target is regrettable.

Key Notes:

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About the BoJ

Generally, if the BoJ is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.