BOJ leaves monetary policy unchanged

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 completeĀ Statement on Monetary Policy from June 16. > please click here

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