BOJ’s Kuroda: No need for the central bank to buy municipal bonds

Additional comments are flowing in from the Bank of Japan (BOJ) Governor Haruhiko, as he comments on the central bank’s bond-buying plans.

Key quotes

No need for the central bank to buy municipal bonds.

Book value of BOJ ETF holdings is around ¥34-35 trillion.

Market value of BOJ ETF holdings is ¥40 trillion.

Earlier on, he said that the BOJ will continue monetary easing for long period of time via YCC, which had been made more sustainable, effective with the March policy review.