Kuroda: BoJ monetary stimulus having positive effect on economy

FXstreet.com (Barcelona) - During a meeting with credit cooperative officials on Friday, Bank of Japan head Haruhiko Kuroda assured that the central bank's injections of monetary stimulus had been having favorable effects on the Japanese economy. He projected further gradual recovery and quicker annual Core CPI growth.

"The BOJ will continue with quantitative and qualitative easing, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining this in a stable manner," Kuroda said.

At its last meeting the BoJ decided to keep the monetary expansion at an annual rate of JPY 60-70B, while upgrading its view on capital expenditure.