BOJ’s Kuroda: Upward revision to GDP forecasts due to government stimulus plan

Further comments are crossing the wires from the Bank of Japan (BOJ) Governor Kuroda, as he continues to address the post-monetary policy presser this Tuesday.

Key Quotes:

Risk sentiment recovering worldwide pushing up stocks.

Downside risks from overseas economies still large.

Keeping inflation target helps stabilize currencies in long run.

Benefits from policy outweighing costs now.

Must pay attention to side effects from policy.

Lower rates having positive impact on households as a whole.

Upward revision to GDP forecasts due to govt stimulus plan.