BOJ’s Kuroda: No specific upper limit for bond purchases

Bank of Japan (BOJ) governor Kuroda’s take on the central bank’s bond purchase program and inflation goal is crossing the wires via LiveSquawk:

  • There is no specific upper limit for bond purchases. 
  • Japan is no longer in deflation but we need to maintain stimulus as our mandate is to achieve 2 percent inflation. 
  • Yearly net purchase of bond buying likely below JPY 40 trillion now.