BOJ’s Kuroda: No need to change current easing

Bank of Japan (BOJ) Haruhiko Kuroda is speaking on Wednesday, now commenting on the monetary policy outlook.

Key quotes

No need to change current easing policy.

There is no need to raise interest rates.

Do not see need to tweak yield curve control.

Tweak to monetary policy will be necessary if prospects rise for inflation to head towards 2%, accompanied by wage hikes.

Market reaction

At the time of writing, USD/JPY is licking its wounds at around 147.35, shedding 0.62% on the day. The pair awaits the Fed decision amid weaker US dollar and yields.