BOJ’s Kuroda: Changes in BOJ bond buying amount will not have implication on BOJ policy stance

Bloomberg reports headlines from text of a speech the Bank of Japan (BOJ) Governor Kuroda gave at research Institute of Japan earlier today.

Key Points:

Current easing framework is sustainable

Yield curve has formed smoothly since introducing YCC

Economic recovery in Japan has taken hold more firmly

Conditions are improving for Japan to achieve 2 pct inflation

Still a long way to go to meet 2% price target

Risks have continued to be skewed to the downside

Of utmost importance to keep current market operation guidelines

JGB purchases conducted to reach interest rate target

Of utmost importance to maintain easing until 2% hit

Individual JGB operations have no policy implications

Changes in BOJ bond buying amount will not have implication on BOJ policy stance