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.
