More comments from Kuroda on the day
- Monetary policy not aimed at manipulating currencies
- But that's not saying monetary policy doesn't influence FX rates
- FX policy is the preserve of the Ministry of Finance
- Says that currency of nations that do large easing tends to fall
- BOJ is buying bonds for yield curve control
- Doesn't see BOJ's bond buying facing limits
- Very regrettable that inflation target hasn't been attained
- Rates will rise once 2% inflation target is reached and BOJ starts exiting easing policy
It's been a common theme with his speech today, hasn't it?
- "We're not in deflation anymore, but deflationary mindset is affecting inflation"
- "We may change policy before inflation target is reached, but we may also not change policy if inflation target is reached"
- "Momentum toward price target is still there, but prices heading towards target is moving weakly"
- "Doesn't want just cost-push inflation, but will emphasise the need for wage growth to sustain inflation"
- "Inappropriate to talk about stimulus exit now, then comments that will consider doing so around fiscal year 2019"
