BOJ’s Kuroda: Don't think yield curve control is causing yen weakening
|Bank of Japan (BOJ) is speaking at a post-policy conference on Friday, commenting on the exchange rate value and inflation outlook.
Additional quotes
Hard to tell how govt's stimulus steps will affect currencies.
Think govt stimulus steps will weigh on prices, but boost growth.
Don't think yield curve control is causing yen weakening.
Will continue to pay heed to lowering of bond market functioning.
Slowdown in overseas economy will weigh on Japanese exports, industrial output.
Expect Japan economy to continue to growth despite slowdown in overseas economy.
Current interest rates are far below neutral level of interest rates.
Not thinking of interest rate hike, exit of easing for time being.
Price pass-through from rising import prices is necessary and favourable, but does not warrant sustainable, stable inflation unless coupled with wage growth.
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