Bank of Japan Governor Kuroda appearing in parliament

  • Not yet in situation where BOJ can offer plan on how and when to exit ultra-easy policy
  • Must maintain powerful easing for the time being

More:

  • Announcing plan for exit from ultra-easy policy prematurely could confuse markets

(note to K - its cool, I'm already confused)

MOAR:

  • When time comes for exit, BOJ will communicate its intentions appropriately to avoid market turbulence
  • BOJ's ETF buying still a necessary step to achieve price target

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