Huge purchases of longer-dated JGBs natural: Kuroda

Huge purchases of longer-dated Japanese government bonds is a natural way to ease monetary policy, but central bankers must monitor the side-effects, Haruhiko Kuroda, the government’s nominee to be the next Bank of Japan governor, said on Monday.

Kuroda said the size and type of assets the BOJ now buys is not enough to achieve its 2 per cent inflation target, which he said the central bank would strive to hit within two years.

via Business feed http://www.scmp.com/business/economy/article/1175789/huge-purchases-longer-dated-jgbs-natural-kuroda