BOJ: our policy is contrary to the Fed’s
The Bank of Japan Governor Kuroda spoke with the Australian Financial Review after the G20 finance ministers meeting:
- “Our commitment – you can call it forward guidance – is to continue the QQE (quantitative and qualitative easing) until the 2% inflation target is met an remains stable”
- Kuroda claimed that the Bank of Japan is pumping more yen in financial system to reduce negative effects on global economy from the Fed’s tapering. In other words, while the Fed is tapering QE, the BOJ remains firmly on the easing course.