BoJ Kuroda: Will maintain powerful monetary easing to achieve inflation target

BoJ Governor Haruhiko Kuroda, responding to questions in parliament, said that JGB purchases are aimed at achieving the 2% inflation target and not at monetising debt. 

Key quotes:

   •  Intentions of BoJ bond buying is understood by markets.
   •  Japan’s public debt very large, so important for the government to ensure medium-long-term fiscal health.
   •  Will maintain powerful monetary easing to achieve the inflation target.
   •  BoJ can maintain stability in markets when it exits from the easy monetary policy.