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Honda said it is inappropriate to reappoint Kuroda - UOB

Analysts at UOB Group explained that the Bank of Japan (BOJ) ’s board member Funo said he doesn’t feel the need to change BOJ’s ETF purchases. 

Key Quotes:

"Also, there is no truth to claims BOJ doesn’t buy ETFs when stock price rising or that BOJ is pushing up stock prices."

"Potential BOJ Governor’s candidate Honda said it is inappropriate to reappoint Kuroda. He stressed that the BOJ needs new leadership and to adopt stronger policy steps to achieve 2% inflation target."

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