Bank of Japan Governor Kuroda is speaking from his appearance in parliament
- Need to continue powerful easing, still a ways to go to hit 2% inflation target
more to come (he does tend to go on a bit)
More:
- Japan export volumes clearly rising
- Helping output and labour markets
- Wants to closely monitor FX impact on the Japanese economy
- Weak yen boosts corporate profits, capital spending
- Weak yen tends to reduce household's purchasing power
- Yield Curve Control (YCC) is the main focus of BOJ monetary policy. JGB purchase amount and monetary base are merely guidelines
On that last point, sounds like taper talk to me
More:
- pace of JGB buys is around 60 tln yen a year now