BOJ’s Kuroda: BOJ is buying bonds to achieve price target

The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making his scheduled appearance in the Japanese parliament in Tokyo.

Key Headlines:

BOJ is buying bonds to achieve price target.

Not buying bonds to finance government debt.

BOJ held 29tln yen of ETFs as of Sept 2018, which is 77.5% of Japan’s ETF market.

ETF buying not aimed at boosting stock prices.

BOJ buying may restrain big fluctuations in stock market.