BOJ governor expects to meet price target with current monetary easing

Bank of Japan Governor Haruhiko Kuroda said on Tuesday he expects to meet the central bank’s 2 percent inflation target around next fiscal year if the BOJ continues with its current monetary easing.

Speaking in the lower house fiscal and monetary policy committee, Kuroda said that the BOJ would adjust policy if needed, but that the central bank had recently upgraded Japan’s economic outlook and the global economy was growing stronger.

“Japan’s output gap is improving rapidly and the labour market is tight,” Kuroda said.

“If we continue our current aggressive monetary easing I think inflation will reach 2 percent around fiscal 2018. However, we have delayed the target, so I want to watch inflation expectations and respond quickly if needed.”

The BOJ offered its most optimistic assessment of the economy in nine years at its policy meeting last month, but Kuroda said inflation expectations remain subdued, suggesting the central bank’s quantitative easing will remain in place for some time.

The BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent at the meeting.

It also kept intact a loose pledge to buy government bonds so its holdings increase at an annual pace of 80 trillion yen at the meeting.

Since then, the BOJ has said it will reduce its monthly government debt purchases in May, showing the central bank is stepping back from the 80 trillion yen target.

Prior to the meeting, a Reuters poll showed economists expected the BOJ’s next move would be to tighten monetary policy, though many do not expect it to happen until next year at the earliest.

However, some economists argue that this will be difficult because consumer prices are currently around zero and this is to distant from the BOJ’s 2 percent price target to make monetary policy less accommodative.

© (c) Copyright Thomson Reuters 2017.

Delaware State Trooper shot to death by Muslims reciting Qur’an

A Delaware state trooper was fatally gunned down outside of a convenience store by devout Muslims reciting quotes from the Qur’an, later prompting a standoff with one of two suspects, who fired at cops, police said. Here again is another important news story getting no coverage from the enemedia.

A reporter for the DelawareOnline tweeted, “Scene indicates the trooper was shot multiple times. There’s a lot of blood on ground, multiple casing markers. Still huge police presence.”

Police said that one of the suspects was taken into custody at the scene and the other one fled into a residence in the Brick Mill Farm section in Middletown and is firing at police, said McQueen.

“The suspect has refused to surrender and is firing rounds at officers,” McQueen said, adding “this is a sad day for our state.”

Meanwhile, area schools were placed on lockdown.

The Appoquinimink School District posted on Facebook, “We have been notified by police that an armed individual is in the Dove Run Shopping Center. The police have set up a perimeter. As a precaution, ALL area schools have gone on lockdown.” (NYP)

Any reports of this cold-blooded killing have all references to Islam, Quran, and motive scrubbed from the reportage.


“EXCLUSIVE: State Rep. claims DSP trooper’s killer was a ‘budding jihadist’ Muslim,” by Rob Petree, Delaware 105.9, May 8, 2017:

Was Burgon Sealy Jr., the man who shot and killed Delaware State Police trooper Cpl. Stephen Ballard, radicalized? Delaware State Representative Steve Smyk claimed that Sealy was a practicing Muslim, and that he did in fact yell verses from the Quran during the standoff.“What I can tell you is that there are people that will immediately assume that the war cry of, the Muslim war cry of ‘Allahu Akbar’ may have been said, and I don’t know that to be true. I do know that he was a ‘budding jihadist’ and that being said, how long was he a practicing Muslim, I’m not aware of,” said Rep. Smyk. “We do know that, at the scene, during this standoff he was heard siting quotes from the Quran, what those quotes were I don’t know.”

Listen to the interview with Delaware 105.9’s Rob Petree, Rep. Smyk calls Burgon a “Budding Jihadist” here.