BoJ’s Kuroda: BOJ will do whatever it takes to achieve mandates
More comments crossing the wires from the BoJ Governor Kuroda, as he continues speaking in Tokyo:
2% inflation target is a global standard.
The target contributes to long-term FX stability.
Government's declaration of the end to deflation will be a big step forward for the Japanese economy.
BOJ will guide policy appropriately solely on achieving the price target.
It is clear that low-interest rates have contributed to economic growth.
Powerful monetary easing isn't disrupting banking system.
Reversal rate is one academic theory that is a useful reference for policy.
BOJ is not only watching the economy and prices but also impact on financial conditions and the banking system in guiding monetary policy.
Referring to both financial and price stability mandates.
Exit from QQE will be an important topic for BOJ's future communication on policy.
BOJ has the necessary tools to engineer a smooth exit from QQE.
BOJ debating what steps to take in what order to end easing policy.
Talking any specifics of QQE exit would end up being confusing now.
Will communicate closely with markets on monetary policy to stabilize expectations.
BOJ will do whatever it takes to achieve mandates.
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.
