Further comments by Kuroda
- The aim is to boost trust in the BOJ
- BOJ decided it was necessary to clarify monetary policy stance
- Fully possible that forward guidance could exceed spring 2020
He's just providing some commentary to accompany the earlier statement that the central bank will be 'keeping interest rates very low for an extended period of time at least through around spring 2020'.
There hasn't been much market reaction to that as it goes without saying that the BOJ is seen nowhere near being able to normalise policy even until fiscal year 2021 at this point in time.
