BoJ’s Kuroda: Inflation is taking longer than expected to accelerate

Additional comments are crossing the wires from the BoJ Chief Kuroda, as he speaks at the post-monetary policy meeting press conference.

BoJ still wants to achieve 2% inflation target as soon as possible.

 There is no change to that commitment.

Inflation has been picking up but CPI is still below target.

Inflation is taking longer than expected to accelerate.

Will not continue current unconventional policy if 2% target is met.

Sees no need to change joint-statement with the government on inflation.