BOJ’s Kuroda: Policy will stay very accommodative for some time
|Bank of Japan (BOJ) Governor Kuroda delivered an interview on Bloomberg TV, recorded on Friday in Jackson Hole and published over the weekend.
Key Points:
4% growth unlikely to be sustained
Policy will stay very accommodative for some time.
"Since JGBs remaining in the market is going to decline, that means that with one unit of JGB purchase, the impact on the interest rate could be bigger"
"So that in coming months there will be less and less need to purchase JGBs in order to maintain the yield curve"
No problems with the Bank having JGBs to buy, the BOJ has both around 40% JGBs outstanding, so there are still 60% left
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.