Further comments by BOJ governor Haruhiko Kuroda in his press conference following the BOJ monetary policy decision earlier
- Will continue to watch for impact of markets on economy and inflation
- Monetary policy focus is interest rates, not amount of JGB purchases
- ¥80T asset purchase figure is only a guideline
- High chance of reaching 2% inflation target in around fiscal year 2019
- Hitting 2% inflation target during fiscal year 2019 won't immediately trigger exit policy
- Not at a point to discuss exit details now
- BOJ has said uncertainties remain high for its inflation target forecast
- Adoption of YCC was unmistakably a move to strengthen QE
- YCC strengthens the effects of easing
Pretty much a complete backtrack of those comments mentioned on last Friday. He already backtracked on them on Tuesday in his speech at the upper house confirmation hearing in parliament, but this pretty much solidifies it.
Apart from that, nothing new still from Kuroda. Basically reiterating the same course of comments from your usual BOJ meeting press conference.
