BOJ’s Kuroda: Too early to debate specifics on how to exit easy policy

Dhwani Mehta FXStreet

Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday, its “too early to debate specifics on how to exit easy policy.”

Additional quotes

If inflation approaches BOJ’s 2% target, BOJ’s policy-setting board will disclose stance on how to exit from easy policy.

When BOJ considers exit from easy policy, it will do so ensuring markets remain stable.

Even if the impact of cellphone fee cuts dissipates and effect of energy price rises are reflected in CPI, don't expect inflation to stably achieve BOJ’s 2% target yet.

Given price developments in Japan, BOJ will sustain the current massive stimulus programme.

Market reaction

USD/JPY was last seen trading at 118.77, up 0.05% on the day. Falling yields, the US dollar and negative S&P 500 futures weigh on the major.

Author

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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