Additional comments of Bank of Japan (BoJ) Governor Haruhiko Kuroda from the press conference following Friday’s monetary policy meeting.
He is not thinking of widening the JGB performance band for now.
Is too early to discuss exit from stimulus policy.
The BoJ chose to conduct a follow-up to Topix for ETF purchases to reduce the impact on individual actions.
It is not intended to reduce ETF purchases or exit stimulus policy.
Purchases of ETFs do not undermine the function of the stock markets.
He will patiently continue the monetary easing to reach the 2% inflation target as soon as possible.
Wages increase gradually; prices remain in positive territory as a trend.
The upper limit of purchases of ETFs and J-REITs underscores the intention to buy them in volume and flexibly as needed.
Will not hesitate to lower short and long term interest rates if necessary.
Inflation expectations have decreased due to the fall in oil prices that weighed on the CPI.
Is appropriate to continue with the current monetary policy framework.
Is inappropriate debating exit when inflation stays far from 2%.
Is desirable that exchange rates reflect fundamentals, stably.
The fact that the inflation target has not been reached does not mean the failure of the BoJ’s monetary easing.
There is no change in stance to stick to the 2% inflation target.
You want currencies to move in a way that reflects economic fundamentals.
You don’t think current currency movements will deviate from fundamentals.
You have no plans to take steps to increase the yield curve and increase the super long yields.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
