BOJ’s Kuroda: Buying of risky assets is extraordinary measure that no other major central bank taking

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The Bank of Japan (BOJ) buying of risky assets, including ETFs, is an extraordinary measure that no other major central bank is taking, the central bank Governor Haruhiko Kuroda said in his scheduled speech before the Japanese parliaments.

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“The BOJ guiding monetary policy keeping in mind that excessive fall in super-long yields could have a negative impact on the economy.”

“Will take into account effects, side-effects of policy, aim for moderate inflation accompanied by growth in corporate profits, jobs and wages.”

“BOJ’s risky asset buying, which is part of its ultra-loose policy, is necessary step as it is expected to take more time to hit 2% inflation.”

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