• Bank of Japan Governor, Haruhito Kuroda: The Pace of Government Bonds purchases roughly in line with expectations in September

Market news

21 October 2016

Bank of Japan Governor, Haruhito Kuroda: The Pace of Government Bonds purchases roughly in line with expectations in September

  • I do not expect a sharp drop in purchases

  • It is very likely that will eliminate the need to purchase Japanese government bonds in the amount of 80 trillion yen a year in the future

  • The pace of purchases roughly in line with expectations in September

  • No need to install a specific range for the yield on 10-year JGB's

  • The Bank of Japan will assess the appropriate yield curve of Japanese government bonds at each meeting, and it can change depending on economic development

  • At the previous meeting, the Bank of Japan's position was expressed by the monetary policy that the yield curve should be steeper


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