By: Eamonn Sheridan
Press report regarding the new head of the BOJ, Haruhiko Kuroda's press conference late in the Asian day on Thursday: Kuroda stressed his commitment to do "whatever it takes" to end deflation - buying a larger & wider range of assets "There is no doubt that we need to carry out bold monetary easing both in terms of quantity and quality," "quantitative easing is indispensable." Expected that Kuroda will bring the quantity of money in Japan's banking system to specific levels Kuroda noncommittal on an 'emergency meeting' of the BOJ's policy board before the scheduled April 3-4 meeting Suggested he wants the BOJ to buy more real-estate investment funds Said the BOJ should purchase longer-term financial assets, flattening the yield curve Kikuo Iwata (one of two new deputy governors) reiterated he would resign if the 2% inflation goal isn't reached in two years Mr. Kuroda buttressed expectations the central bank will turn its asset-purchase program into an open-ended one earlier than a planned change in January. "I will do whatever is necessary, whether it is 'bringing forward' [open-ended purchases] or any other steps," he said. New BOJ Chief Says Easing Is 'Indispensable' (gated - a news search on the headline may turn up something)
Press report regarding the new head of the BOJ, Haruhiko Kuroda's press conference late in the Asian day on Thursday: Kuroda stressed his commitment to do "whatever it takes" to end deflation - buying a larger & wider range of assets "There is no doubt that we need to carry out bold monetary easing both in terms of quantity and quality," "quantitative easing is indispensable." Expected that Kuroda will bring the quantity of money in Japan's banking system to specific levels Kuroda noncommittal on an 'emergency meeting' of the BOJ's policy board before the scheduled April 3-4 meeting Suggested he wants the BOJ to buy more real-estate investment funds Said the BOJ should purchase longer-term financial assets, flattening the yield curve Kikuo Iwata (one of two new deputy governors) reiterated he would resign if the 2% inflation goal isn't reached in two years Mr. Kuroda buttressed expectations the central bank will turn its asset-purchase program into an open-ended one earlier than a planned change in January. "I will do whatever is necessary, whether it is 'bringing forward' [open-ended purchases] or any other steps," he said. New BOJ Chief Says Easing Is 'Indispensable' (gated - a news search on the headline may turn up something)
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