Now not the time to discuss exit on 03.04.2018
- BoJ Gov Kuroda: Reiterates too early to discuss exit strategy as still distant from inflation target – Parliamentary comments
- Domestic economy needs persistent easing
- Reiterates ETF purchases are to lower risk premiums
- Japanese banks have ample capital base; to closely monitor the profit conditions of the sector
- Fiscal policy is up to govt
- There’s still a distance to reach
- Expect govt to continue to work for fiscal health
JPY loses a few spreads; USDJPY 106.06 , EURJPY 130.65
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