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

Please, share your view or experience with us

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s