BOJ Governor Kuroda: Won't hesitate in policy to achieve inflation target ASAP

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan (BOJ) Governor Kuroda comments

He is appearing in parliament today

  • See excessive risk-aversive moves in markets
  • BOJ will closely watch how market moves affect Japan's economy
  • Will take appropriate action if needed, recent FX moves very rough
  • Won't hesitate taking policy action to achieve price target at earliest date possible


  • Still half way toward achieving 2% inflation target


Kuroda appearing in parliament, speaking before the Lower House Financial Affairs Committee

He will be back there later also:

  • From 3 pm local time (0600GMT)

More again:

  • Desirable for forex rates to move in way reflecting fundamentals
  • QQE, negative rate policy exerting intended effects
  • Positive effects of QQE, negative rate policy, on economy, prices to appear ahead
  • BOJ's  monetary easing may affect yen, stock moves by prompting investors to shift funds out of JGBs and into stocks, foreign bonds
  • Main transmission channel of our policy is to push down yield curve, lower real interest rates by heightening inflation expectations
  • Recent risk-aversive moves are excessive, out of line with fundamentals
  • Don't think BOJ is taking incremental approach on monetary easing
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose