BoJ's Kuroda: maintaining easing for now

Joshua Gibson FXStreet

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.

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