BOJ’s Iwata: Appropriate to continue powerful monetary easing as inflation still distant from 2%

The Bank of Japan (BOJ) deputy governor Iwata is on the wires now, via Reuters, making a scheduled speech in parliament.

Key Headlines:

Japan's economic recovery gaining momentum reflecting improvements in overseas economies

Appropriate to continue powerful monetary easing as inflation still distant from 2%

QE was effective in spurring growth but it has been made more powerful by combining it with yield curve control