Did BOJ governor Kuroda just hint at QE taper?

Omkar Godbole FXStreet Contributor

The ‘summary of opinions’ of the Bank of Japan (BOJ) April monetary policy meeting released today warns the sustainability of the policy could come under the scanner next year, unless the BOJ trims the bond purchases.

It seems the BOJ has already started tapering. Bank of Japan (BOJ) governor Kuroda, while speaking in the parliament, said the pace of JGB buys is around 60 trillion per year now. This is well below the JPY 80 trillion target for Japanese Government Bond (JGB) purchases.

Other key quotes

Need to continue powerful easing

Still a long way to go before 2% inflation target is achieved

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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