BOJ governor Kuroda still speaking in his press conference after the BOJ meeting today
- No plans to raise rates simply because economy is doing well
- Not saying won't change YCC even if conditions for achieving 2% inflation are in place
- Current yield curve is most effective, doesn't see need to change it
- Bitcoin isn't acting as normal means of payment
- Bitcoin is now an instrument of speculation
- Doesn't think that Bitcoin has any influence on monetary policy
- Not for me to decide if Bitcoin is a bubble
- Bitcoin prices are abnormally high if you graph it
- Upward pressure on wages steadily rising
His comments on the yield curve basically confirms that the BOJ will continue to maintain the status quo for now - unless something drastic changes the picture.
Chiming in on the Bitcoin topic now as well. Seems like the new norm for central bankers these days.
