BoJ Gov. Kuroda: Today's decision in aimed at making QQE more sustainable

Continuing with its earlier comments at the post-meeting press conference, the BoJ Governor Haruhiko Kuroda was further noted saying that there is no need for additional easing for now.

   •  Forward guidance means to keep rates extremely low for an extended period of time.
   •  Needed to allow some moves in bond yields in light of market functioning.
   •  Allowing bond yields to move more flexibly doesn't mean we intend to raise interest rates.
   •  We have no specific timeline for hitting 2% target.
   •  Don't think policy until now was mistaken.
   •  JGB market function will improve by allowing more flexible yield moves.
   •  Increased purchases of topix linked ETFs because they more broadly cover the market.
   •  Today's decision is aimed at making QQE more sustainable.
   •  Possible for ETF purchases to fluctuate around 6 trillion JPY.