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Continuing with its earlier comments at the post-meeting press conference, the BoJ Governor Haruhiko Kuroda was further noted saying that there is no need for additional easing for now.

   “¢   Forward guidance means to keep rates extremely low for an extended period of time.
   “¢   Needed to allow some moves in bond yields in light of market functioning.
   “¢   Allowing bond yields to move more flexibly doesn’t mean we intend to raise interest rates.
   “¢   We have no specific timeline for hitting 2% target.
   “¢   Don’t think policy until now was mistaken.
   “¢   JGB market function will improve by allowing more flexible yield moves.
   “¢   Increased purchases of topix linked ETFs because they more broadly cover the market.
   “¢   Today’s decision is aimed at making QQE more sustainable.
   “¢   Possible for ETF purchases to fluctuate around 6 trillion JPY.