BOJ governor Kuroda speaks in parliament alongside Japanese prime minister Abe
"Can you people please stop selling stocks?"
- Watching market moves carefully
- Movement in stocks are due to various factors, but economies in Japan, Europe, US are in very good shape
- Factors behind stock moves such as corporate profits and economic fundamentals remain strong
- There is no change to BOJ's policies
- BOJ conducts policy to keep yield curve at best shape
- BOJ will continue persistent monetary easing
- Still halfway on the path towards 2% inflation target
- BOJ purchases ETFs to lower risk premia
- Doesn't think there are any problems from ETF purchases
Well, so-called strong fundamentals aren't really acting as a saving grace for the Nikkei today as it's fallen by more than 6%.
If anything, Kuroda is surely worried by the recent risk-off sentiment that's plaguing the market and in turn is propping up the Japanese yen.
His comments on policy so far aren't anything new, reiterating what he did say yesterday as well here.
