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16 Jun 2017
BOJ’s Kuroda: Not ready to start discussing exit strategy with low inflation still
BOJ Governor Kuroda continues to talk on the bank’s bond buying plans during the presser, while adding that BOJ’s exit from massive stimulus is still distant.
Key Headlines:
Not buying ETFs with purpose of maintaining specific price levels
Inflation will rise but still only halfway now
If economic growth continues then output gap will shrink
That process will have an impact on inflation
BOJ not ready to start discussing exit strategy with low inflation still
Not correct to link shrinking population and prices
Other nations have shrinking population but not deflation