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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