BoJ’s Kuroda: BOJ will promote powerful monetary easing to achieve its objectives

Dhwani Mehta FXStreet

Comments are crossing the wires from the BoJ Governor Kuroda, via Reuters, as he makes a speech in Tokyo.

Key Headlines:

Economy has improved under QE with yield curve control.

BOJ will keep supporting corporate activity by maintaining accommodating monetary conditions.

Still some distance to hitting price goal.

Both external and domestic demand are strong drives of growth.

It is clear QQE has improved economy significantly.

BOJ will promote powerful monetary easing to achieve both economic improvement and price stability.

Risks to growth overseas no longer skewed to the downside.

Aware of concerns among some of market players that BOJs big JGB buying may dry up market liquidity.

Strong economy and weak prices exist in Japan and other advanced economies.

BOJs JGB buying has been conducted in smooth manner, risk of problem emerging in its buying will be small for the time being.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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