BoJ's Kuroda: will be considering policy exit around fiscal year 2019

Haresh Menghani FXStreet

More headlines from BoJ Kuroda's confirmation hearing in the Lower house:

• Wage growth has to be higher than 3% for inflation to materialize
• Will keep emphasizing need of wage growth for inflation
• ETF purchases are part of stimulus package
• BoJ's ETF purchases are not greatly affecting stock prices as a whole
• BoJ isn't buying ETFs to manipulate stock prices
• BoJ is buying ETFs as part of a broader monetary policy framework
• BoJ's holdings of ETFs are only 3% of the whole stock market
• BoJ will be considering policy exit around fiscal year 2019
• For now, will continue to expand monetary base until inflation stabilizes
• Not saying that policy will definitely remain unchanged
• BoJ doesn't mean to keep rates unchanged forever

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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