Did BOJ governor Kuroda just hint at QE taper?
|The ‘summary of opinions’ of the Bank of Japan (BOJ) April monetary policy meeting released today warns the sustainability of the policy could come under the scanner next year, unless the BOJ trims the bond purchases.
It seems the BOJ has already started tapering. Bank of Japan (BOJ) governor Kuroda, while speaking in the parliament, said the pace of JGB buys is around 60 trillion per year now. This is well below the JPY 80 trillion target for Japanese Government Bond (JGB) purchases.
Other key quotes
Need to continue powerful easing
Still a long way to go before 2% inflation target is achieved
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.