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BOJ’s Iwata says they will continue with QE until inflation stabilizes at 2%
BOJ dep governor on reuters aims to achieve 2% target as soon as possible in the 2 year time frame; there are sign that some prices are bottoming out or rising; gains in stocks and declines in yen are necessary for BOJ policy to spread through economy; will take some time for BOJ policy to work so fiscal policy is needed to support growth; increase in inflation expectations can spur demand for foreign currencies and weaken yen; decline in real expected interest rates can lead to higher capital expenditure; may take 1-2 years to see real increase in bank lending due to large cash reserves in corporate sector; Blah de ... (full story)