BoJ’s Kuroda: BoJ not in a situation to consider exit from QQE

Dhwani Mehta FXStreet

Headlines are crossing the wires now, via Reuters, as the BOJ Governor Kuroda makes his scheduled speech at the press conference post-BOJ meeting.

Key Points:

Japan economy to continue growing above potential.

BoJ member Kataoka dissented to forecast that inflation would reach 2% by 2019/20.

Will adjust policy as needed to maintain momentum towards 2% price target.

Sees downside risks to prices as larger.

Even though economy growing, prices are still weak.

BoJ not in a situation to consider an exit from QQE.

Still some distance to meeting inflation target.

Need to maintain powerful monetary easing policy.

Have not observed excessive activity in the stock market.

Sees no need to change ETF purchases for now.

Will make an appropriate judgment in ETF purchases in the future - taking into account the economy and prices at that time.

Not at a point to consider policy exit.

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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