More from BOJ's Kuroda: Japan does not target FX in guiding mon pol

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan Governor Kuroda comments again:

  • Think Japan has gained global community's understanding it does not target FX in guiding monetary policy
  • No comment on US President Trump's recent remark that dollar is too strong
  • G20 may discuss impact of geopolitical risks on global economy
  • Inappropriate to unwind global free trade that has brought prosperity to many advanced, emerging economies
  • Global economic prospects have brightened from several months ago
  • Japan's output rising as a trend, domestic demand also firm
  • Japan's economy maintaining momentum toward hitting BOJ price target but that momentum not necessarily strong
  • No clear upward shift in price momentum detected so far
  • BOJ will continue to pursue easy monetary policy to hit 2 percent target at earliest date possible
USD/JPY is little moved on these remarks. Kuroda spoke earlier (link below), these comments not adding anything he hasn't more or less said before.