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TEHRAN, March 6- Bank of Japan Governor Haruhiko Kuroda said the central bank won’t end its ultra-loose monetary policy until its inflation target is met, seeking to dispel lingering market speculation it could dial back stimulus earlier than expected.
TEHRAN,Young Journalists Club (YJC) - Bank of Japan Governor Haruhiko Kuroda said the central bank won’t end its ultra-loose monetary policy until its inflation target is met, seeking to dispel lingering market speculation it could dial back stimulus earlier than expected.
But Kuroda said the BOJ has the necessary tools to engineer a smooth exit from crisis-mode policy and was already brainstorming how a future stimulus exit could affect its balance sheet.
“Underlying price moves remain weak, so our feeling is that there is some distance to achieving our price target,” Kuroda told an upper house confirmation hearing on Tuesday.
“It’s unthinkable to end or weaken the degree of monetary easing before our inflation target is met,” he said.
Source:Reuters
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