BoJ’s Kuroda: BoJ not at a point to consider exit yet, and that includes ETF purchases

The Bank of Japan (BoJ) Governor H. Kuroda was on the wires last minutes, via Reuters, expressing his take on the bank’s exchange traded fund (ETF) purchases and monetary policy programme.

Key Headlines:

Now is not the time to debate when and how to slow ETF purchases.

It's too early to talk about the exit strategy.

BOJ is not at a point to consider exit yet, and that includes ETF purchases.

Japanese banks have ample capital base.

Will closely monitor profit conditions of banks.

Will patiently continue current monetary easing as there is the distance to price target.

Govt must further promote efforts to fix Japan’s finances.

Fiscal policy is up to the government.