Early today, the Bank of Japan anounce no changes to the current monetary policy as expected.
Latter on press conference, governor Kuroda says:
- still quite a distance to achieve 2% target
- inflation will rise but still only halfway now
- BOJ not ready to start discussing exit strategy with low inflation still
- in theory ETF purchases could drop before 2%
- no automatic link between ETF and JGB purchases
- various ways to reduce mon pol easing when it’s time
- short-term rate, balance sheet a focus when normalizing
Read the complete Statement on Monetary Policy from June 16. > please click here
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