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BoJ’s Kuroda: It’s premature to debate exit from easy monetary policy

Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Tuesday, it is too early to debate an exit from easy monetary policy.

Key quotes

“Sustainable inflation target has not yet been met.”

“Thus. it's premature to debate exit from easy monetary policy.”

“More time is needed to stably and sustainably hit the price target.”

Market reaction

The Japanese yen is holding the recovery momentum on Kuroda’s words, as USD/JPY is shedding 0.70% on the day to trade at 130.63.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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