Kuroda says QQE is ‘right on track’


Haruhiko Kuroda, the Bank of Japan (BoJ) governor, believes the radical easing plan he unveiled in March is already generating results in the Japanese economy.

Since announcing the plan, the central bank has expanded its holdings of Japanese Government Bonds (JGBs) to more than ¥110 trillion, and is on course to reach ¥140 trillion by the end of the year, while the average remaining maturity of these has increased to seven years.

Kuroda, speaking in Tokyo today, said the introduction of the BoJ'

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