BOJ’s Kuroda: there is no need to ease policy further

Bank of Japan governor Kuroda, while speaking in parliament on Friday, said there is no need to ease monetary policy further now and added that there is no preset idea on what tools the central bank should use if it needs to ease more, according to Reuters. 

Key quotes (Source: Reuters)

Don’t think BOJ’s ETF buying is creating big distortions in the stock market. 

BOJ does not target specific stock price levels in buying ETFs. 

It is true that monetary policy is only among various factors that affect inflation.