Back
16 Jun 2017
BOJ’s Kuroda: Not desirable to cause confusion by premature exit talk
The Bank of Japan (BOJ) Governor is still on the wires, via Reuters, now responding to the Q & A session at the press conference.
Key Points:
US rate hikes don't necessarily mean higher Japanese rates
BOJ been able to keep rates steady even as US rates rose
Hard to say how any rise of US yields influences JGBs
BOJ exit talk growing due to what's happening in US and EZ
BOJ will continue to communicate
Can't show various scenarios when not sure on future
Not desirable to cause confusion by premature exit talk
Fed's exit isn't what they indicated at first
Hitting 2% BOJ target more important than easing side-effect
BOJ can hit 2% target