Haruhiko Kuroda, Governor of the Bank of Japan following the monetary policy decision, said:
- Have maintained Yield Curve Control (YCC) policy in today's meeting.
- Have maintained negative yield policy, and 10-year government bonds yields target.
- The Japanese economy is expanding moderately.
- The world economy is also continuing to grow.
- I expect the local economy to continue expanding.
- I expect CPI to pick up towards the target at 2%.
- It is too early to assess the impact of the changes since the July meeting on Japanese government bonds (JGB).
- Trading activity is usually less in summer.
- A drop in ETFs purchasing in August does not mean a shift in policy.
- It is necessary to continue with the current powerful easing policy.
