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Kuroda: QE supports the economy

The Bank of Japan Governor Haruhiko Kuroda said today that effects of the central bank's monetary stimulus are spreading in the economy and prices. In his view, the economy will continue to recover moderately with CPI rising gradually.

"The BOJ will continue with quantitative and qualitative easing, aiming to achieve the price stability target of 2%, as long as it is necessary for maintaining this in a stable manner," he said.

The BOJ holds its next policy-setting meeting on Oct. 31, when it will also issue its twice-yearly economic and price projections.

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