BOJ governor Kuroda still on the mic
- BOJ has now brought in forward guidance
- As long as there is uncertainty, will maintain low rates
- By adding forward guidance, policy framework has been made stronger
- Most important thing is to escape deflation
Very much reiterating a similar comment by prime minister Abe last week here. Still the usual rhetoric by Kuroda, nothing new as expected. The yen isn't doing much on the day as a result as well.
USD/JPY still trades around 112.30 but EUR/JPY has pushed to session highs of 131.36 as the euro is continuing to gather further momentum on the session against the greenback and the yen.
