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Kuroda says the 2% inflation target is helping to stabilize exchange rates, no need to change it

The Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, has expressed his opinion on inflation and the prospects for monetary policy, as reported by Reuters.

Key Comments:

The 2% inflation target is helping to stabilize exchange rates.

It is not necessary to change the inflation target of 2%, is a global standard and should not change.

The review of purchases of ETFs will allow the BoJ to continue to flex more flexibly and effectively.

More flexible ETF purchases will improve agility.

I have not at all considered selling ETF shares or stopping buying.

It was decided to buy ETFs that are linked to TOPIX to avoid impact on individual actions.

Financial stability needs to be carefully monitored.

Monetary easing will last a long time in the future.

ETF purchases are a vital part of yield curve control.

It will guide the control of the yield curve to avoid the impact on share prices.

It was decided to adopt fixed rate operations for consecutive days to avoid a rise in interest rates.

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