BOJ is buying bonds for monetary policy

Gov Kuroda speaking in parliament

  • BOJ isn't targeting fx rate
  • too early to discuss QQE exit strategy
  • BOJ has sufficient tools to achieve 2% stable inflation
  • QQE won't lead to hyper inflation
  • raising 0.1% interest that BOJ pays on excess reserves parked with BOJ is one option if/when they exit QQE

Same old same old so far

USDJPY 122.73

Kuroda has parliament rocking in the aisles with his latest routine