Bank of Japan governor Kuroda speaking at a WSJ event 16 May
- if any country introduces protectionist measures it would that that country as well as global growth
Mmmmm, I wonder where he's pointing that finger ?
- Japan's inflation rate is still quite low
- BOJ mon pol is targeted at achieving 2% price target at earliest possible time
- open to more stimulus if inflation target isn't met
- yield curve control is appropriate at this time
- not too concerned about normalisation of Fed policy as it reflects strength of US economy
- US/Japan mon pols are tailor-made to each country's economic and financial developments,natural that the directions are different
- at this stage BOJ is not exiting extraordinary easing programme
USDJPY nudges a little higher to 113.54, yen pairs higher too, on the slightly dovish tones but nothing new here.
BOJ's Kuroda: US/Japan mon pols are tailor-made to each country's needs