BOJ’s Kuroda: Bank still has option to ease policy by changing size and composition of asset purchases

Additional comments from the BOJ Chief Kuroda hitting the wires, as he continues to speak in the Japanese parliament.

Key Quotes:

Up to government and parliament to decide on whether to go ahead with next sales tax hike

BOJ still has option to ease policy by changing size and composition of asset purchases

BOJ cannot buy Japanese Govt. Bonds indefinitely, but see no limit in expanding purchases to meet price target in first half of FY 2017

Not conducting monetary policy to finance government spending