Comments by BOJ governor Haruhiko Kuroda in parliament
- But it's taking time to hit the inflation target
- No need to take additional easing measures
- Must patiently maintain current stimulus programme
- Will need to reduce balance sheet once prices rise
- Slowdown in BOJ bond buying is different from Fed's tapering
- Need to persistently continue current monetary policy
Nothing out of the ordinary here from Kuroda. The usual comments and expect more of the same to come from the BOJ for the foreseeable future.
