More comments from Bank of Japan governor Kuroda on his confirmation hearing at the parliamentary lower house
- BOJ was partly responsible for prolonged deflation
- Doesn't think BOJ was the cause of deflation
- BOJ should've implemented bolder, earlier QE in the past
- Prices are not determined by monetary policy alone
- BOJ's aim is prices, but doesn't ignore employment
- Current BOJ law gives appropriate mandate to the central bank
Still nothing new or anything that stands out from Kuroda. I believe his speech will still go on for quite a while. It's been known to happen on BOJ pressers as well. But I don't think we'll get anything more of note that we don't already know. It's more reiteration of current policy stance more than anything else.
