BoJ's Kuroda: maintaining easing for now

Bank of Japan Governor Kuroda is in Japan's parliament today: publicly addressing market participants in the face of a constantly-strengthening Yen.
Key points:
- BoJ cannot yet offer plan on how or when they can exit easy monetary policy
- Powerful easing is still required for now
- Announcing exit plan prematurely could confuse markets
- when the time comes, BoJ will communicate its intentions clearly, appropriately to avoid market turbulence
- ETF purchasing by BoJ a necessary step in achieving price targets
Author

Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

















