BOJ’s Kuroda: BOJ is buying bonds to achieve price target

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making his scheduled appearance in the Japanese parliament in Tokyo.

Key Headlines:

BOJ is buying bonds to achieve price target.

Not buying bonds to finance government debt.

BOJ held 29tln yen of ETFs as of Sept 2018, which is 77.5% of Japan’s ETF market.

ETF buying not aimed at boosting stock prices.

BOJ buying may restrain big fluctuations in stock market.

Possible wider tariffs have some impact on the US prices.

No doubt BOJ easing has helped increase employment.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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