BOJ’s Kuroda: Too early to discuss exit strategy at present. BOJ CentralBanks USDJPY Inflation
There's view ultra-low interest rates may have caused "zombie companies" to survive, but such view is unrealistic.
Central bank's most important role is to provide ample liquidity to stabilise markets at a time of crisis.Monetary policy effects could weaken if 10-yr govt bond yield overshoots 0.25% upper range for a prolonged period.Meanwhile, Japan’s Vice Finance Minister Okamoto said, “no comment on fx intervention,” adding that they are “closely watching fx moves with a sense of urgency.
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