Bank of Japan governor Kuroda begins his press conference 29 July •economy likely to expand moderately as a trend •today's policy steps and govt fiscal stimulus to provide synergy effects on economy •CPI likely to reach 2% during FY 2017 •Will take additional easing steps if necessary to achieve price target •Doesn't sound like he's in any rush to do so. USDJPY lower at 103.35 •will continue QQE with neg rates as long as needed to meet price goal •will examine BOJ policy regarding what is necessary in future to meet 2% price target (full story)