- BOJ’s Kuroda: Too early to discuss exit strategy at present
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BOJ’s Kuroda: Too early to discuss exit strategy at present
“It’s too early to discuss exit strategy at present,” Bank of Japan (BOJ) Governor Haruhiko Kuroda said during an appearance on Tuesday.
Additional quotes
There's view ultra-low interest rates may have caused "zombie companies" to survive, but such view is unrealistic.
Central bank's most important role is to provide ample liquidity to stabilise markets at a time of crisis.
BOJ aims to achieve sustainable inflation involving wage hikes rather than cost-push inflation.
Monetary policy effects could weaken if 10-yr govt bond yield overshoots 0.25% upper range for a prolonged period.
Don't think BOJ’s risky asset purchases are distorting markets.
Will continue necessary purchases of risky assets as part of large-scale monetary easing.
Dominance of dollar as international settlement currency to remain unchanged.
Meanwhile, Japan’s Vice Finance Minister Okamoto said, “no comment on fx intervention,” adding that they are “closely watching fx moves with a sense of urgency.”
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