BOJ Kuroda: Desirable for Forex to move in way reflecting fundamentals

BOJ Chief Kurod keeps pressing the wires, noting that it is desirable for forex rates to move in way reflecting fundamentals.

Headlines

Desirable for forex rates to move in way reflecting fundamentals

QQE, negative rate policy exerting intended effects

Positive effects of QQE, negative rate policy, on economy, prices to appear ahead

BOJ's monetary easing may affect yen, stock moves by prompting investors to shift funds out of JGBs and into stocks, foreign bonds

Main transmission channel of our policy is to push down yield curve, lower real interest rates by heightening inflation expectations

Recent risk-aversive moves are excessive, out of line with fundamentals

Don't think BOJ is taking incremental approach on monetary easing