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BOJ's Kuroda says the bank will evaluate appropriate yield curve at every meeting

Bank of Japan governor Kuroda speaking in the Japanese parliament

Headlines via Bloomberg

  • BOJ will evaluate appropriate yield curve at every meeting
  • Ideal yield curve can change depending on economy, prices
  • Price conditions not very different from September
  • Difficult to target specific yield rate or range
  • BOJ's 80tln yen target allows for some flexibility, but not immediately thinking of lowering 80tln yen goal
  • Possible to revise reaching 2% inflation time frame

More via Reuters:

  • Don't see immediate need to change BOJ's view on desirable yield curve as no big changes seen in economy, price, financial developments
  • What BOJ considers as appropriate yield curve would change depending on economy, price, financial developments
  • There was a view voiced in the previous BOJ policy meeting that the yield curve should be steeper
  • No need to set rigid range for 10 year JGB yield, and it would be inappropriate to do son
  • BOJ may slow JGB buying if 10 year yield falls well below its target
  • Does not see immediate possibility of BOJ JGB buying falling sharply from current 80tln yen pace
  • Timeframe for achieving 2 pct inflation may be modified at this month's policy meeting from current forecast it will be hit during fiscal 2017

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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