Kuroda says BOJ will signal exit plan if prices pick up, warns of risks

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Bank of Japan Governor Haruhiko Kuroda said the central bank will telegraph to markets how it plans to exit from ultra-easy policy when conditions for hitting its price goal become robust.

But he said it was premature to debate when the BOJ could whittle down its massive stimulus program, with inflation distant from its 2 percent target.

“We will communicate specifics on how we plan to exit once inflation accelerates toward 2 percent and conditions for hitting our target gradually fall into place,” Kuroda told the upper house of parliament in a semi-annual testimony on Tuesday.

“For now, we don’t think conditions are rife to consider specific timings for an exit,” he said. “The BOJ won’t end its ultra-easy policy before inflation reaches 2 percent.”

SOURCE: REUTERS

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