Kuroda Higashihiko, the president of the Bank of Japan, ruled out the possibilit
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Kuroda Higashihiko, the president of the Bank of Japan, ruled out the possibility of raising interest rates quickly on Tuesday. Despite his optimism about the economic outlook, he stressed that inflation is still low and there is no reason to reduce stimulus measures.
Kuroda Higashihiko also said he thought the Bank of Japan did not have a major problem in buying ETF, suggesting that the central bank would maintain its current buying speed.
"Japan's inflation rate has not yet reached 1%. Under such circumstances, it is not appropriate to adjust monetary policy too early to create future policy space," Kuroda Higashihiko told parliament.
"It is not appropriate to raise the target of 10 - year bond yields, even a small amount is not appropriate," he said.
Kuroda Higashihiko said the fundamentals behind the stock price remain robust, as the economic situation in Japan, the United States and Europe is "very good".
"The recovery of these economies is expanding to all areas, and the outlook is still on the right track," Kuroda Higashihiko told parliament. The Central Bank of Japan is paying close attention to the trend of financial market.
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