9 Mar 2018
BoJ’s Kuroda: Not at a point to discuss exit details now
More comments flowing in from the BoJ Governor Kuroda, addressing the press conference.
Key Points:
US trade policy is recognized as a risk factor to the global economy
Will continue to watch for the impact of markets on economy and inflation.
Monetary policy focus is interest rates, not amount of JGB purchases.
JPY80 Trln asset purchase figure is only a guideline.
High chance of reaching 2% inflation target in around fiscal year 2019.
Hitting 2% inflation target during fiscal year 2019 won't immediately trigger exit policy.
Not at a point to discuss exit details now.
BOJ has said uncertainties remain high for its inflation target forecast.
Adoption of YCC was unmistakably a move to strengthen QE.