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Today's BOJ action wasn’t additional easing – BOJ’s Kuroda

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Bank of Japan (BOJ) Governor Haruhiko Kuroda is now crossing the wires as the BOJ press conference gets underway, clarifying the additional measures announced at its policy meeting earlier today.

    Key Quotes:

    Economy continues to recover moderately

    BOJ's Kuroda says timing of hitting 2% cpi can change due to oil prices

    Emerging econ slowdown not threatening 2% target
    Dec tankan confirms positive growth cycle intact

    Firms' concern over china slowdown not erased

    Today's action not additional easing on risks

    Today's action to help quick response to risks

    Today’s steps aimed at ensuring QQE can be expanded swiftly if needed

    Extended duration of JGB portfolio is to ensure smooth purchases under QQE

    Inflation expectations appear to be rising on the whole from somewhat longer-term perspective although some indicators have recently shown relatively weak developments

    More room for firms to invest in equipment, workers

    Will continue QQE as long as needed and adjust policy if necessary
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