BOJ’s Kuroda: There is scope for further negative rate easing

BOJ Governor Kuroda is on the wires via MNI yet again, commenting on the monetary policy.

Key Quotes:

No signs that negative rates are causing companies to delay investment and spending

No technical limit to asset purchases now

There is scope for further negative rate easing

Technically still possible for BOJ to buy as many Japanese Govt. Bonds as it wants

BOJ will not reach the limit of its JGB buying for the next few years

Monetary policy is for price stability, not targeting FX market