Haruhiko Kuroda, Governor of the Bank of Japan (BoJ), has said that board members believe that it is appropriate to continue with the current policy framework at his press conference after the monetary policy meeting scheduled for Friday.
Additional comments:
The new interest program will further alleviate the impact of lowering rates.
Fee levels in the program can be adjusted.
The priority is to keep the entire yield curve low in the midst of the virus crisis.
ETF purchases are effective in times of severe instability.
The BoJ simply clarified its opinion on the yield band.
Some fluctuations in returns are positive for the function of the market.
It is not intended to reduce ETF purchases or exit stimulus policy.
ETF purchases are not undermining the function of the stock markets.
If we deepen negative rates, we will adjust interest based on the new schedule.
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