The Bank of Japan (BoJ) Governor Kuroda is on the wires now, via Reuters, making his scheduled parliamentary address.
Key Headlines:
Japan’s economy is clearly recovering.
But it’s taking time to hit the inflation target.
No need to take additional easing measures.
Must patiently maintain current stimulus programme.
Will need to reduce balance sheet once prices rise.
The slowdown in BOJ bond buying is different from Fed’s tapering.
Need to persistently continue the current monetary policy.
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