Bank of Japan Governor Haruhiko Kuroda, speaking during a panel discussion on unconventional monetary policy at Jackson Hole said:
Bank of Japan’s policy measures have already started to exert their intended effects
The BOJ embarked on a policy of “Quantitative and Qualitative Monetary Easing” back in early April, part of which involves buying around 7 trillion yen ($US70.9 billion) in bonds each month to expand the monetary base by 60 trillion yen to 70 trillion yen per year.
