Bank of Japan's Haruhiko Kuroda in parliament
More Japan news to catch up on. Kuroda was in parliament this morning and said that he won't hesitate in adjusting policy to hit the target and that the BOJ is not monetizing debt with bond purchases under QQE.
He added that they will need to consider the use of the bank note rule once the 2% target is met
The rule is supposed to limit the purchases of assets to the amount of bank notes in circulation. That limit was blown out of the water by 2 years ago
"The bank note rule? It was only a little one"