At least that is what Bank of Japan governor Haruhiko Kuroda is currently saying.
FORBES: Is the Bank of Japan Really Easing -- Or Does It Just Want to Depreciate the Yen?
The focus remains on the central bank's next meeting, when Haruhiko Kuroda is expected assume control as governor.
The central bank's new head, Haruhiko Karuda, has promised to do "everything possible".
It is the first meeting with new Gov. Haruhiko Kuroda at the helm.
He recently nominated Haruhiko Kuroda, who is president of the Asian Development Bank, to become Japan's next central bank governor.
The strategy got a boost last week as Abe nominated Haruhiko Kuroda to succeed Masaaki Shirakawa as Japan's top central banker.
They are Ikuo Uno, an executive advisor at Nippon Life Insurance Company and Haruhiko Kato, president of the Japan Securities Depository Center.
The market expects Haruhiko Kuroda to be appointed the next BoJ governor.
The currency fell 2.6% for the week as investors dumped yen before Haruhiko Kuroda takes over at the Bank of Japan next month.
"Some market participants wonder if the BOJ is able to purchase these JGBs in practice, " BOJ Gov. Haruhiko Kuroda said at a seminar on Friday.
Haruhiko Kuroda, nominated to be the next head of Japan's central bank, has promised aggressive steps to raise inflation to 2%, sending Japanese shares higher.
He is expected to be replaced by governor nominee Haruhiko Kuroda.
Expectations of easing measures are higher for next month's meeting, when the man expected to become the next governor, Haruhiko Kuroda, will be at the helm.
After the first policy-setting meeting under Gov. Haruhiko Kuroda, the central bank said it will more than double its holdings of Japanese government bonds by 2014.
Japanese shares have risen and the yen weakened on reports that Haruhiko Kuroda is likely to be nominated as the next Bank of Japan (BOJ) governor.
Japanese Prime Minister Shinzo Abe has appointed Haruhiko Kuroda as the next chief of the Bank of Japan to execute his policy of rapid monetary expansion.
The meeting will be the first to take place with Haruhiko Kuroda in the governor's seat, and expectations are high that he will introduce new easing measures.
The head of Japan's central bank, Haruhiko Kuroda, on Thursday delivered on promises to take aggressive action to shake Japan out of nearly two decades of growth-crippling deflation.
Japan's parliament has approved Haruhiko Kuroda as governor of the Bank of Japan, who is expected to push for monetary stimulus to boost growth in the world's third-largest economy.
The currency from the Land of the Rising Sun remains in demand despite the new BoJ Governor Haruhiko Kuroda disclosing his policy plans for government-bond purchases and other easing measures.
The central bank's decision was in line with expectations, and the focus remained on its next meeting, which will take place after Haruhiko Kuroda has taken control of the bank.
The Nikkei Stock Average was off 1.4%, erasing much of Monday's 2.4% surge, which followed reports a new Bank of Japan governor had been selected, Haruhiko Kuroda, a firm pro-easing advocate.
The central bank, under its new governor Haruhiko Kuroda, has vowed to double the monetary base through purchases of government bonds to meet a 2 percent inflation target within the next two years.
In the weeks before new BOJ governor Haruhiko Kuroda took office promising a radical new approach to battling deflation, the Nikkei soared nearly 50% since mid-November, mainly in anticipation of the new action.
The Bank of Japan, under new Governor Haruhiko Kuroda, surprised markets by saying it would greatly increase the country's money supply with the goal of encouraging people and businesses to borrow and spend.
"We want to achieve the 2 percent target set by the government and Bank of Japan at the earliest possible date, " Haruhiko Kuroda, currently president of the Asian Development Bank, told lawmakers Monday.
But in recent months the winds of change have started to blow in Japan as Prime Minister Shinzo Abe promoted new fiscal policies and Bank of Japan Governor Haruhiko Kuroda introduced dramatic monetary measures.
When the economic history of Japan is written years down the road, Haruhiko Kuroda's first monetary policy meeting as the governor of the country's central bank is most likely to get a prominent mention.
BBC: Japan's latest stimulus: What it means and will it work?
His advisers said the bank needs to pump more money into the economy to raise inflation expectations, a policy known as "reflation" and shared by Haruhiko Kuroda, the incoming governor chosen by Mr. Abe.
The Nikkei Stock Average ended off 2.3% at 11398.81, reversing nearly all of Monday's 2.4% surge, which followed reports a new Bank of Japan governor had been selected, Haruhiko Kuroda, a firm pro-easing advocate.
应用推荐