More on the weekend comments from BOJ's Kuroda - to get more bang for JGB buys

Bank of Japan Governor Haruhiko Kuroda spoke in an interview on Bloomberg Television recorded on Friday in Jackson Hole

Headlines hit over the weekend: BOJ's Kuroda: 4% growth unlikely to be sustained

More (Bloomberg web with the report, more here):

Japanese government bonds market is "functioning quite well"

• "Since JGBs remaining in the market is going to decline, that means that with one unit of JGB purchase, the impact on the interest rate could be bigger"
• "So that in coming months there will be less and less need to purchase JGBs in order to maintain the yield curve"
• Said no problems with the Bank having JGBs to buy, the BOJ has both around 40% JGBs outstanding, so there are still 60% left

(I fired up my calculator/spreadsheet/Cray ... yep he's right :-D )

100% - 40% =5! No, wait ...