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.
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Earlier: Kuroda: Current pace of purchases to continue for some time