It takes time to change the deflationary mindset - BoJ Kuroda

Bank of Japan (BOJ) governor Kuroda is speaking in Japan's parliament today, addressing the upper house during his confirmation hearing.

Key highlights:

• BOJ is keeping their fiscal policy, financial conditions as accommodative as possible.
• BOJ will continue to work with the Japanese government to end deflation.
• The priority is still to achieve the 2% inflation target.
• The BOJ expects inflation to reach 2% sometime in the 2019 fiscal year.
• Despite positive figures, the 2% target is still distant.