Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in U.S., European and Japanese markets as a result of heavy money printing by their central banks.
Kuroda also dismissed criticism made by some analysts that the BOJ`s purchases of exchange-traded funds (ETF) were distorting financial markets.
"We buy ETFs as part of our quantitative easing programme," Kuroda told reporters after attending the G20 finance leaders` gathering in Washington. "I don`t think our purchases are causing any big problem in the market."
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