Bank of Japan governor Haruhiko Kuroda has pledged that the central bank will do "whatever it takes" to beat deflation, as Japan's economic improvement steadily proceeds.
Kuroda cited signs of positive cycle of output, income and spending, but claimed that a proposed sales tax hike wouldn't derail Japan's economic recovery.
The central banker also warned that delaying steps to restore Japan's fiscal heatlh could create problems in the future.
BOJ GOV KURODA: BOJ'S STANCE IS TO DO 'WHATEVER IT TAKES' TO BEAT DEFLATION. it's proven a useful phrase for global policymakers
— econhedge (@econhedge) August 20, 2013
Some movement in $USDJPY up as BoJ's Kuroda says will do 'whatever it takes' to beat deflation. Now at 97.31, session low at 96.97.
— Christopher Vecchio (@CVecchioFX) August 20, 2013