more to come

Bank of Japan Governor Kuroda:

• global commodity price rise is much bigger factor than weak yen in
  pushing up japan’s consumer inflation
• main firms are still reluctant to pass
  on rising costs to consumers, as seen in modest rise in consumer
  inflation
• must create cycle in which rising corporate
  profits, expansion in economy leads to rises in both prices and wages
• BOJ will continue easy monetary policy so
  economic recovery pushes up wages and leads to gradual rise in
  consumer inflation
• must continue current easy policy while keeping
  eye out on risk inflation accelerates before wages start to rise