BOJ governor Kuroda speaking at a WSJ event still 16 May
- BOJ has already acquired 40% on JGBs outstanding in market, which means there is still 60% available to buy
Can't fault the guy's arithmetic.
- quite sure exiting from QQE with YCC (yield curve control) could be managed quite well
- BOJ has enough tools to manage exit from monetary stimulus whoever the leader is
All quiet on the European front still. USDPY 113.47 GBPUSD 1.2912 EURUSD 1.0995 but USDCAD continues its retreat to test 1.3600 again.
Kuroda: Really no constraint to conducting yield curve control