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Don’t Expect JGB Supply to Run out for QE – BOJ Gov Kuroda

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Bank of Japan Governor Haruhiko Kuroda said on Thursday that he does not expect the central bank will run out of government bonds to purchase for its quantitative easing programme.

Kuroda, speaking in the upper house budget committee, also said the BOJ is prohibited from directly underwriting government debt and that the BOJ conducts all its debt purchases in the secondary market.

Kuroda also said quantitative easing will not lead to hyperinflation.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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