Kuroda says BOJ will continue powerful monetary easing persistently

BOJ governor Kuroda speaking in parliament 28 March

  • commitment is important to increase effect of policy
  • BOJ has taken appropriate action at appropriate time
  • not enough just for prices to rise
  • BOJ looking at impact of policy but mandate is to achieve 2% inflation

I’m not sure anyone listening or believes any more Mr K

USDJPY suitably unfazed at 105.53

                 “Anyone listening at the back?”

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