Bank of Japan Governor Kuroda says massive bond buying may hurt market functioning

Bank of Japan Governor Kuroda says the 2% inflation target has not been achieved stably, sustainably.

Thus the BOJ must continue its monetary easing.

Concedes though that market functioning may be impaired.

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Cracks beginning to show from Kuroda? If you want to read it that way you could I guess.

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• recent sharp, short-term forex moves are undesirable
• premature to debate exit of ultra-easy policy
• important for forex rates to move stably reflecting economic, financial fundamentals
• Japan's economy still in midst of recovering from pandemic's pain, so important to maintain powerful monetary easing

• BOJ’s median board forecast shows inflation won't stably reach target in fiscal 2023

• BOJ's median board forecast for core-core consumer inflation shows inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term will steadily accelerate through 2024

• it will take some more time, but convinced Japan can achieve BOJ’s price target