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

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

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.