BoJ’s Kuroda: Risks are skewed to downside for economy, prices

The Bank of Japan (BoJ) Governor H. Kuroda is on the wires now, via Reuters, speaking at the press conference following the monetary policy decision announced earlier today.

The BoJ left the monetary policy settings unchanged while lowering the Japanese growth and inflation forecasts.

Main Headlines:

Risks are skewed to the downside for the economy, prices.

Price momentum towards 2% inflation is maintained.

BoJ to keep extremely low rates for an extended period.

Kataoka opposed the outlook report on prices.

Kataoka viewed low chance of inflation accelerating towards 2%.