- JGB buying by the BOJ is necessary to achieve 2% inflation target
- How much JGBs are purchased depends on market conditions at the time
- The fixed-rate purchases on Monday was made in light of such 'unusual' market situation
- Don't intend to steepen yield curve excessively
- But yield curve needs to be steep to a certain extent
Token remarks by Kuroda as he tries to clarify their Valentine's Day bond purchases in order to keep 10-year JGB yields below 0.25%.
