President of the Bank of Japan, Haruhiko Kuroda, issued a statement which speaks of the monetary policy of the bank to the Budget Committee in the country. Here is the summary of the speech:
– The plan is to achieve an inflation rate of 2% is quite possible, as BoJ has many options.
-If Confidence in public finances is lost, however, there will be a risk of an impact on bond prices.
– Real interest rates are negative, which can stimulate investment and consumer spending.