BoJ Governor Haruhiko Kuroda, responding to questions in parliament, said that JGB purchases are aimed at achieving the 2% inflation target and not at monetising debt.
Key quotes:
“¢ Intentions of BoJ bond buying is understood by markets.
“¢ Japan’s public debt very large, so important for the government to ensure medium-long-term fiscal health.
“¢ Will maintain powerful monetary easing to achieve the inflation target.
“¢ BoJ can maintain stability in markets when it exits from the easy monetary policy.
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