Comments from BOJ governor Kuroda as he speaks in parliament
- BOJ easing won't continue if CPI reaches 2% in stable manner
- Any normalisation will take into account economic effect
- Once the BOJ starts normalising policy, it will be a gradual process
- Won't continue aggressive monetary easing once price target has been achieved and economy growing stably
- Financing public debt is not part of BOJ's mandate
That's all from Kuroda for the moment. No changes in stance, but feels like it's more of a response towards those who are expecting the BOJ to start moving towards tightening monetary policy in the near future - following the decision to "taper" JGB purchases earlier today.
There is still a long way to go for that, as Kuroda points out here:
