BoJ’s Kuroda: Watching market moves carefully

BoJ Governor Kuroda is out on the wires now, via Reuters, speaking in Parliament in Tokyo.

Key Headlines:

Watching market moves carefully.

Japanese stocks are being affected by moves in the US

Movement in stocks is due to various factors, but economies in Japan, Europe, US are in very good shape.

Factors behind stock moves such as corporate profits and economic fundamentals remain strong.

There is no change to BOJ's policies.

BoJ conducts policy to keep yield curve at best shape.

BoJ will continue persistent monetary easing.

Still halfway on the path towards 2% inflation target.

BoJ purchases ETFs to lower risk premia.

Doesn't think there are any problems from ETF purchases.

Meanwhile, intensifying risk-off moves are bolstering the demand for the safe-haven Yen, sending the USD/JPY pair deeper in the red zone to test the 108.50 levels.