BOJ's Kuroda - Still some distance to achieving the 2 pct inflation target

Bank of Japan (BOJ) Governor Kuroda stressed the need to keep the powerful monetary easing in place in order to achieve the 2 percent inflation target.

Key quotes (Source: Reuters)

• Expect Japan's economy to steadily move toward achieving 2 pct inflation
• BOJ will proceed with powerful monetary easing under yield curve control
• Japan's economy enjoying growth driven by well-balanced support from external, domestic demand
• Expect prices of processed goods, daily necessities to accelerate as private consumption increases gradually
• Expect inflation, wages to accelerate ahead and help heighten inflation expectations
• Japanese households becoming more accepting to price hikes, more retailers raising prices