BOJ Gove Kuroda speaking in parliament
- ETF purchases are a necessary policy step at present
- BOJ buying ETF as part of its stimulus programme, which can be normalised once conditions fall in place to meet price target
- Will exit from QQE and normalise policy when 2 pct inflation is achieved
- Chance of inflation hitting 2 pct during fiscal 2020 is low
More:
- BOJ will continue to scrutinise benefits, potential costs of its ETF buying
- Any exit from BOJ's ultra-easy policy will be very gradual
Gradual exit sneak preview:
