Bank of Japan's Kuroda tells officials that easy policy is working

Bank of Japan Governor Haruhiko Kuroda repeated Thursday that aggressive easy policy launched last April will continue and will take Japan out of years of deflation.

'Japan's economy has continue to recover moderately as a trend,' Kuroda said at the opening of a meeting of regional central bank officials.

Kuroda said the outlook for consumer prices was up, with the year-on-year rate in core consumer prices expected to be around 1.25% for some time, not including a sales tax hike on April 1 to 8% from 5%.

Kuroda repeated the BOJ's mantra that it will continue with quantitative and qualitative easing, aiming to achieve the price stability target of 2%, by 2015.