Kuroda sticks to the tagline (again) in his speech today, as you would expect
- BOJ must stick to 2% inflation target
- It is appropriate to target 10-year JGB yields in YCC
- Not thinking of targeting shorter-term rates for now
- There is no big issue with current shape of the yield curve
Yeah, pretty much the same old same old from Kuroda today. *yawns*
Looking out to next year, don't expect the BOJ to shift from their current stance and policy language as long as economic conditions - both domestic and global - continue to sit on the fence and with the US-China trade war still persisting in the long-run.