Bank of Japan (BOJ) Governor Kuroda:

  • BOJ has no intention of monetising government debt, keeping JGB yields low just to ease fiscal burden and regardless of price moves
  • Too early USD/JPY orders debate exit from QE now but when the time comes will do so using most appropriate measures at the time
  • Storngly hopes government continues to proceed with efforts to restore fiscal health

— Meanwhile, USD/JPY has continued its crawl up