9 Jun 2014
BoJ: QQE having intended effects
FXStreet (Bali) - Bank of Japan Governor Haruhiko Kuroda said over the weekend, speaking at the 17th world congress of the International Economic Association held in Jordan, that the BOJ’s QQE has been having the intended effects leading to an improvement in financial markets, the real economy and prices.
Kuroda added, quoted by Reuters: "When the BOJ introduced QQE we declared we would intend to achieve a 2 percent inflation target basically within two years time. The policy of QQE will be maintained and will be continued until we achieve the 2 percent inflation target and also maintain a 2 percent inflation in a sustainable manner so it may take more than two years if necessary and anyway we are only half way.”
Kuroda also made a brief mention to a possible QQE exit strategy, despite offering no clues: "So discussing exiting strategy, how to exit and when to exit is certainly too premature although I can say there are many options and ways to gradually exit from QQE in coming months."
Kuroda added, quoted by Reuters: "When the BOJ introduced QQE we declared we would intend to achieve a 2 percent inflation target basically within two years time. The policy of QQE will be maintained and will be continued until we achieve the 2 percent inflation target and also maintain a 2 percent inflation in a sustainable manner so it may take more than two years if necessary and anyway we are only half way.”
Kuroda also made a brief mention to a possible QQE exit strategy, despite offering no clues: "So discussing exiting strategy, how to exit and when to exit is certainly too premature although I can say there are many options and ways to gradually exit from QQE in coming months."