BoJ's Kuroda: Monetary policy is not at an impasse

Haresh Menghani FXStreet

The Bank of Japan (BoJ) Governor, Haruhiko Kuroda, was out with some comments in the last hour, saying that targeting 2% inflation has resulted in Japan no longer being in deflation.

Additional quotes:

BoJ monetary policy is not at an impasse.
Not aiming to buy green bonds on a priority basis.
Not prioritising green bonds in corporate bond buying.
Climate action does not mean a shift in policy for the 2% goal.

The comments did little to influence the Japanese yen, which remains well supported by the risk-off impulse in the market and momentarily dragged the USD/JPY pair below the key 110.00 psychological mark.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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