Bank of Japan governor Kuroda with his press conference 27 April
- will continue with QQE until prices meet inflation target
- CPI to hit 2% in FY 2018 and will move stably around that level thereafter
- output gap has turned positive, which helps maintain price momentum
- debating exit strategy now will cause market confusion
- don't see any problems in purchasing JGBs of around JPY 80trln per year
Some one wake me up when it's all over.
USDJPY similarly unfazed at 111.27
Kuroda : "Anyone still awake at the back ?"