BOJ's Kiuchi says current pace of bond buying is unsustainable
|Bank of Japan's (BOJ) Kiuchi said today that the central bank may soon face difficutly in buying bonds if it continues the QE program at the current pace.
Key quotes
The biggest risk to Japan is uncertainty surrounding its export environment
It would be very problematic to riase yield curve target in near future with inflation still low
Frequently changing yield curve target could erode market trust in BOJ's target and destablize market
There is risk yield currve control could lead to acceleration of BOJ' bond buying pace
Need to ensure real long-term rates remain low and stable
Must make 2% inflation a medium-to long-term target
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