Haruhiko Kuroda: Ultra-Loose Policy Till Inflation Hits 2%

Forex News
Haruhiko Kuroda, BoJ Governor, reassured that the Central Bank will drop its ultra-loose monetary policy with a short-term interest rates at -0.1% and the 10-year government bond yield around 0% only after inflation meets the 2% target. And, according to Kuroda, this could be very soon as the output gap improved and medium- to long-term inflation expectations grew. The Governor claimed: "Japan's economy is expected to continue expanding moderately."