BOJ's Kuroda: Will maintain low-yield environment for an extended period

Author: Justin Low | Category: Central Banks

Comments by BOJ governor Haruhiko Kuroda following the BOJ monetary policy decision earlier in the day


  • Have maintained YCC policy in this meeting
  • Maintained negative yield policy, 10-year JGB yields target
  • Japan's economy is expanding moderately
  • Global growth is also continuing
  • Expects domestic economy to keep expanding
  • Sees positive economic cycle going forward
  • Expects CPI to pick up towards 2% target
  • Too soon to assess effects from July changes on JGBs
  • Summer period generally has less trading activity
  • Fewer ETF purchases in August doesn't mean a shift in policy
  • Essential to continue current powerful monetary easing
ForexLive
The central bank kept policy unchanged earlier today here and so far there isn't a change in language from Kuroda that has a material impact on markets. It's the same old comments and template being thrown at the media really.

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