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.

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