BOJ governor Kuroda moving into Q&A mode at the presser 21 Sept

  • risks are high for BOJ price forecast for during FY 2017

"Expects" with high risk, so there's the waiver.

  • BOJ law doesn't allow foreign bond buys. That's under jurisdiction of fin min
  • doesn't think buying JGBS at JPY80trln annual pace was excessive
  • JGB buying has not hit limit
  • lower real interest rates have the biggest impact on boosting economy

Like they've made a real impact so far globally you mean?

  • current shape of yield curve seems appropriate
  • amount of JGB buying would fluctuate in future depending on formation of yield curve
  • don't expect to increase or decrease JGB buying greatly
  • remain committed that we won't take incremental mon pol steps
  • we don't intend to fine-tune policy at every single policy meeting

Good , then we won't be holding our breath either.

Ironic really that in case of the yen the markets shows its disapproval by buying it.

USDJPY now back below 102.00