Further comments by BOJ governor Kuroda - 23 January 2018

  • Service prices haven't risen much in Japan compared to US and EU
  • Upward wage pressures is steadily rising
  • Natural that there are various opinions on the board about ETF purchases
  • But result of debate was unanimous to continue ETF purchases

Pretty much what I mentioned here at the start of the month when they "tapered" JGB purchases.

The BOJ has been saying for quite a while now that YCC is the toolkit for any monetary policy changes, so the "taper" pretty much has no impact to anything really.

The BOJ presser is now over and done with.

USD/JPY now at 111.10, EUR/JPY at 136.06, and GBP/JPY at 155.18.