BOJ's Kuroda: Doesn't think yen rise, stock price falls cause by negative rates

• Says BOJ will continue QQE with negative rate for as long as needed to hit price target
• BOJ will examine risks to economy, prices and won't hesitate taking additional easing steps if needed to hit price goal
• BOJ will achieve price target 'for sure' by making full use of existing framework
• 3-tier system of negative rate framework means direct negative impact on financial institutions' profits is minimised
• What matters for economic activity is not nominal interest rate but real interest rate
• Both monetary policy and growth strategy are necessary to beat deflation
• Japan's economy has continued moderate recovery
• Underlying trend inflation has been steadily improving
• Compared to time before adoption of QQE, inflation expectations have increased on the whole

• Doesn't think yen rises, stock price falls were caused by boj's adoption of negative interest rates
• Won't hesitate to ease monetary conditions further if needed, utilising 3 options individually or collectively
• Can clearly say BOJ monetary policy is not targeting exchange rates

Full text can be found here: http://www.boj.or.jp/en/announcements/press/koen_2016/ko160414a.htm