BOJ governor Kuroda gives a press conference following unchanged monetary policy decision

  • Continue to work towards 2% inflation target
  • Continue powerful easing
  • Will do more stimulus if needed
  • bond market is stable
  • Does not comment on Kataoka’s dissent (must be happy …)
  •  Sees a gap between the data and the bond market sentiment
  • US fed has taken appropriate steps sofar and will continue in the future
  • No need to raise rates in Japan because of foreign rates rise
  • Won’t make changes to ETF purchases based on equity pricesThe JPY weakens on Kuroda , USDJPY up to 112.67 ,EURJPY 134.00 , GBPJPY 152.20
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