BOJ's Kuroda says the bank will evaluate appropriate yield curve at every meeting

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan governor Kuroda speaking in the Japanese parliament

Headlines via Bloomberg
  • BOJ will evaluate appropriate yield curve at every meeting
  • Ideal yield curve can change depending on economy, prices
  • Price conditions not very different from September
  • Difficult to target specific yield rate or range    
  • BOJ's 80tln yen target allows for some flexibility, but not immediately thinking of lowering 80tln yen goal
  • Possible to revise reaching 2% inflation time frame
More via Reuters:
  • Don't see immediate need to change BOJ's view on desirable yield curve as no big changes seen in economy, price, financial developments
  • What BOJ considers as appropriate yield curve would change depending on economy, price, financial developments
  • There was a view voiced in the previous BOJ policy meeting that the yield curve should be steeper
  • No need to set rigid range for 10 year JGB yield, and it would be inappropriate to do son
  • BOJ may slow JGB buying if 10 year yield falls well below its target
  • Does not see immediate possibility of BOJ JGB buying falling sharply from current 80tln yen pace
  • Timeframe for achieving 2 pct inflation may be modified at this month's policy meeting from current forecast it will be hit during fiscal 2017



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