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BoJ’s Kuroda: BOJ will continue extremely accommodative policy

More comments crossing the wires from the BoJ Governor Kuroda are found below.

BOJ's strategy has already changed in September 2016 to accommodate financial stability as well, not just economic stability

Current yield curve control (YCC) has been quite successful.

No change to the message on YCC.

BOJ concluded in September 2016 that too flat a yield curve is not good.

YCC program has not created any problem for financial stability.

BOJ will continue the extremely accommodative policy.

Will immediately act if momentum toward achieving price target is at risk.

Global economic outlook still fairly strong, not too much to be concerned.

BOJ will carefully monitor the global economic situation and potential risks.

“Among risks to the global outlook, I am particularly concerned about the protectionist tendency in some countries as well as geopolitical risks.”

 

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