BOJ Governor Haruhiko Kuroda, said "There's no change to our policy of trying to achieve 2 percent inflation at the earliest date possible, with a roughly two-year time horizon in mind ... There are no limits to our policy tools, including purchases of Japanese government bonds ... In order to completely overcome the chronic disease of deflation, you need to take all your medicine. Half-baked medical treatment will only worsen the symptoms." Kuroda added, "The benefits of a weak yen outweigh the costs if the yen's declines reflect economic fundamentals."
These quotes are extracted from BNY Mellon. It does investors in very clear language what the BOJ is trying to do, how long it may take, what means will be used, and the fact that the process will not be done half-heartedly. Given how Japanese officials can be less than perfectly clear . This is as good as can be expected forward guidance.
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