BOJ’s Kuroda: Direct impact of negative interest rate on profitability of Japanese banks is really limited

Additional headlines crossing the wires from BOJ Kuroda via Bloomberg:

Changing deflationary mindset absolutely necessary

With the world full of uncertainty it’s difficult in practice to present central banks 'policy options for all contingencies in advance

To date it is not sufficiently clear under what circumstances and through which mechanisms QE is effective

Decline in potential growth rate is likely to exert downward pressure on economic activity via negative income effect

BOJ won't hesitate to ease further if needed to hit 2 pct inflation

BOJ, as with any other central bank, cannot present in advance when it will act

It's not the case that BOJ is attempting to surprise markets by acting without present notice

Japan is seeing a virtuous cycle kick off where job losses are falling and wages are rising

Don't think BOJ's easy policy is widening income gap between rich and poor

Initial uncertainty, uneasiness held by Japanese financial institutions about negative interest rate policy has become less serious

Direct impact of negative interest rate on profitability of Japanese banks is really limited

Central banks in Japan, U.S. and Europe all have enough policy tools to avoid excessive inflation, hyper-inflation