Investing.com - Bank of Japan Governor Haruhiko Kuroda said Friday that aggressive via massive purchases of Japanese government bonds is not causing any problems in the market.
Kuroda told the Lower House Budget Committee, "So far I don't see any problems about implementing the quantitative and qualitative easing."
By absorbing nearly all of the new government debt in the secondary market every month, the BoJ has kept long-term interest rates at record lows, but also reduced liquidity in the JGB market.
"At this point, I don't think QQE will cause any problems in the JGB market but we are watching the market closely," he said.
The BoJ launched aggressive easing in April 2013 aimed at overcoming years of deflation and anchoring 2% inflation in about two years from then.
But the collapse of crude oil prices last year has clouded the prospect of a two-year time frame.
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Bank of Japan's Kuroda says bond market fine for now, 2% target intact
Published 02/19/2015, 10:00 PM
Updated 02/19/2015, 10:03 PM
Bank of Japan's Kuroda says bond market fine for now, 2% target intact
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