BOJ's Kuroda reaffirms bond market operations is to ensure cap on 10-year yields target

• Risks to the economy skewed to the downside for the time being
• But that will be balanced moving forward
• Will not hesitate to ease monetary policy further if necessary
• 2% inflation will not be sustained as energy price surge fades
• More time is needed to achieve 2% inflation target

His remarks on defending the central bank's yield curve control policy and brushing aside inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term as 'transitory' speaks volumes as to where the BOJ stands among the rest of the major central banks at the moment.

As mentioned earlier here, that will just continue to keep the pressure on the yen so long as the BOJ insists that they are adamant to try and cap 10-year JGB yields at 0.25%.