BOJ’s Iwata: Appropriate to continue powerful monetary easing as inflation still distant from 2%

The Bank of Japan (BOJ) deputy governor Iwata is on the wires now, via Reuters, making a scheduled speech in parliament.

Key Headlines:

Japan's economic recovery gaining momentum reflecting improvements in overseas economies

Appropriate to continue powerful monetary easing as inflation still distant from 2%

QE was effective in spurring growth but it has been made more powerful by combining it with yield curve control

Mar 30, 2017

Asian stocks drop, Nikkei rejected at 50-DMA

Asian stocks reversed course this Thursday morning, with Nikkei failing near 50-DMA again as investors considered the possibility of faster rate hikes

BOJ’s Iwata: No need to buy US Treasuries directly from Fed

BOJ deputy governor Iwata added in his speech before the Diet that there is no need to buy US Treasuries directly from Fed as BOJ able to achieve suff