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