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HIGHLIGHTS-BOJ Governor Kuroda comments during news conference


Sept 15 The Bank of Japan pronounced on Tuesday that
slowing rising marketplace direct was putting serve strains on
the economy though hold off on expanding stimulus, preserving its
limited process options in box an approaching U.S. rate travel sparks
more tellurian volatility.

Following are comments from BOJ Governor Haruhiko Kuroda at
his post-meeting news conference:

IS MORE BOJ EASING NEEDED?

“It’s loyal exports and outlay are being influenced by the
slowdown in rising economies. But there’s no change to our
view that Japan’s economy continues to redeem tolerably …

“As for prices, core consumer acceleration is around 0 and
is seen staying prosaic for a time being. But a underlying
trend of acceleration is worsening steadily. QQE is exerting its
intended outcome …

“There’s positively no change to a perspective that we won’t
hesitate to adjust financial process if there’s a change in the
price trend and we consider (further action) is indispensable to swiftly
achieve a cost target.”

GLOBAL ECONOMY/EXPORTS

“As tellurian economies continue to redeem especially among
advanced nations, a certain outcome is seen swelling and
helping rising economies emerge from slowdown. Export growth
are prosaic now though is approaching to boost gradually forward due in
part to a effects of a diseased yen.

“China’s economy has recently slowed, with (weakness seen)
mainly in a production sector. But it is approaching to grow
stably with support from a authorities’ mercantile and monetary
measures.

“The slack in rising economies are already affecting
Japan’s exports and output. Even so, Japan’s economy continues
to redeem moderately. Corporate revenues are during record-high
levels, underpinning a solid alleviation in pursuit and income
conditions….. A certain cycle of rising income heading to
higher outlay is resolutely in place. Having pronounced that, we’ll
closely guard tellurian marketplace developments and a opinion for
the universe economy.”

INDUSTRIAL OUTPUT

“Industrial outlay will sojourn prosaic for a time being. But
as exports collect adult and register adjustments ensue for some
sectors, they are seen resuming a assuage increase.”

INFLATION AND THE YEN

On a attribute between diseased yen and Japan inflation:
“It’s loyal sell rate moves have a certain impact on prices.
But we can’t contend that a diseased yen will always pull adult inflation
because if import costs rise, that hurts expenditure for other
goods. If we also demeanour during a certain timeframe, a yen doesn’t
usually keep weakening or strengthening perpetually …

“I don’t consider we can contend that if a dollar stays around,
say, 120 yen, that prices won’t arise anymore.”

HEALTH OF JAPANESE COMPANIES

“Companies are reaping record revenues and their investment
appetite is really clever … we don’t consider perspective is directly
being harm (from marketplace volatility) for now. But it’s loyal some
companies seem to be disturbed about a impact from slowing
emerging marketplace expansion so we wish to guard developments
carefully.

ON FEDERAL RESERVE RAISING INTEREST RATES

“My personal perspective is that if a Federal Reserve were to
raise seductiveness rates during some indicate in a future, that would
mean a bank is assured about a strength of a U.S.
economy. If U.S. economy is recuperating strongly, that’s positive
for a tellurian economy.”

Asked either a Fed rate travel could trigger a huge
withdrawal of supports from rising markets behind into a U.S.:
“The financial complement of rising markets has sufficient buffer
and resilience opposite any diminution in unfamiliar pot … I
went to Jackson Hole and a Ankara G20 though there wasn’t much
concern uttered by rising economies over such risks.”

ON CHINA’S YUAN DEVALUATION

“I consider it was a pierce taken as partial of China’s long-term
efforts to make the banking moves some-more aligned with market
forces.”

(Reporting by Leika Kihara, Stanley White and Tetsushi
Kajimoto; Editing by Kim Coghill)

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