Further comments on monetary policy by BOJ governor Haruhiko Kuroda
- Yields are stable under current BOJ policy
- Low, stable yields have cut the government's borrowing costs
- BOJ's easing is for achieving its objective (referring to the price target)
And so concludes Kuroda's speech in parliament today. Nothing new with regards to policy.
USD/JPY now down to session lows of 108.51, as the Nikkei falls further - down by 6.85% now.
