BOJ's Kuroda - May review ETF purchases in futures
|Bank of Japan (BOJ) governor Kuroda said the central bank may review ETF (Exchange Traded Funds) in futures, but for now, it is buying ETF as a part of a package of steps to achieve 2 percent inflation.
Key quotes
- ETF buying doesn't aim at pushing up stock prices, target specific stock level
- Will debate exit strategy from easy policy
- It is true bond market vol has become very low in Japan but vol is also low in Europe, where ECB has taken non-orthodox monpol
- BOJ is exchanging views with ECB to ensure central banks can deal appropriately if low volatility destabilises markets
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