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