BoJ Governor Haruhiko Kuroda reiterated his view that the economy is “growing moderately” even though policymakers were “seeing some weakness in exports and output”. He said today in France that capital expenditure remained “very firm” and the global economy was still sustaining moderate growth despite various risks.

He added, “the board will debate policy this month based on this view”. But he also emphasized we will swiftly consider additional monetary easing steps if the economy loses momentum for hitting our inflation target.”

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