- No change to stance BOJ won’t hesitate to adjust policy if needed to meet 2 pct inflation target
- BOJ will maintain QQE for as long as needed to stably achieve its price target
- BOJ has been taking action and will continue to do so to achieve price target
- Shouldn’t stop efforts to shift public’s deflationary mindset
- Japan’s economy showing weaknesses mainly in output
- Positive economic cycle is intact as a trend
- Japan’s economy continues to recover moderately as a trend
- Japan steadily shifting away from deflationary mindset
- Consumer inflation to reach around 2% in or around fiscal 2015
- Japan’s economy to continue growing above its potential, which is estimated to be around 0.5 pct or lower, as a trend
- Japan’s output gap to continue improving as a trend, move to positive territory