Further comments by Kuroda on the day
- True some discussions are being made at BOJ board on side effects of easing policy
- Removal of timeframe in reaching the 2% target isn't necessary related to impact of easing policy towards bank profits
- BOJ bond purchases more sustainable under YCC policy
- BOJ's policy has also become more flexible with adoption of YCC
- BOJ has been able to achieve its yield targets, and JGB purchases have been smooth
- Inflation still a distance from target
- Won't say that BOJ will stick to 0% long-term yield target at all costs
- But can't think of changing 10-year yield target at all now
Kuroda reiterating the BOJ's current stance for the most part. Underscores their status quo position in saying that he doesn't see scope to tweak the central bank's YCC policy for the time being.
