BoJ's Kuroda: price goals remain further off, to take longer than expected

Joshua Gibson FXStreet

The Bank of Japan's (BoJ) Hirohiko Kuroda is hitting wires with his statements during the scheduled press conference in Tokyo today.

Key highlights

The BoJ has conducted powerful easing measures, and will continue to do so with no timeframe in mind in regards to how long to continue easing.

Kuroda pledged to keep interest rates "very low", is important that the central bank continues to support hyper-easy policy.

Japan's economic situation is much different from that of the EU or the US, and different measures are required.

Despite his pledge to keep rates low, does not mean the BoJ will do so permanently.

The BoJ needs to ensure effectiveness of future commitments, but flexibility will also be needed.

Kuroda hopes the BoJ's new forward guidance provides clear measures to the market.

Pleased that stocks and FX both have remained stable since the BoJ's July decision.

There has been a pleasant uptick in activity in Japanese bonds, though Price movements have increased somewhat as a result.

Positive and side effects of policy adjustments need to be properly balanced.

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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