6 Feb 2018
BoJ's Kuroda closing comments from Parliament
The Bank of Japan Governor Kuroda finished off his speech at the Japanese Parliament reiterating his key points throught recent days.
Key points:
- Inappropriate to raise yield target, even by a small margin.
- Premature shift in policy is not appropriate in Japan.
- Monetary policy is done based on each nation's economy.
Kuroda delivers more of the same, trying to talk the Yen down from its dual-headed strength: markets anticipating rate increases from the BoJ, and traders seeking the Yen's safe-haven status as global equities continue to tumble.