These headlines via Bloomberg, from text of a speech the Bank of Japan Governor gave at research Institute of Japan
- Current easing framework is sustainable
- Yield curve has formed smoothly since introducing YCC
- Still a long way to go to meet 2% price target
- Risks have continued to be skewed to the downside
- Of utmost importance to keep current market operation guidelines
- JGB purchases conducted to reach interest rate target
- Of utmost importance to maintain easing until 2% hit
- Individual JGB operations have no policy implications
K referring here in that last point to the whispers of 'tapering' when JGB buying operations are conducted at an amount below the prior operation
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Here is the full text: "Outlook for Economic Activity and Prices and Monetary Policyt" (Speech at a Meeting Held by the Naigai Josei Chosa Kai (Research Institute of Japan) in Tokyo)