Bank of Japan governor Kuroda with his press conference 27 April

  • will continue with QQE until prices meet inflation target
  • CPI to hit 2% in FY 2018 and will move stably around that level thereafter
  • output gap has turned positive, which helps maintain price momentum
  • debating exit strategy now will cause market confusion
  • don't see any problems in purchasing JGBs of around JPY 80trln per year

Some one wake me up when it's all over.

USDJPY similarly unfazed at 111.27

Kuroda : "Anyone still awake at the back ?"