BOJ’s Kuroda: Not appropriate to reduce ETF purchases at moment

BOJ Governor continues to address the press conference, now responding to the media at the Q & A session.

Key Headlines:

Did not mean to comment on specific fx levels

Ccys are under jurisdiction of MOF

BOJ not considering accepting yield gains or raising long term JGB target just because yields are rising overseas

Fiscal discipline is important but cannot be controlled by central bank

Will continue to conduct JGB buying regardless of duration under yield curve control

Long term JGB target is not a cap or a floor, it's around 0%                        

Not appropriate to reduce ETF purchases at moment

Must be mindful of side effects of monetary easing but will guide policy as appropriate

Meaningless to discuss what "about 0%" means exactly

Future pace of JGB buying to depend on yield curve control