March 24, 2017 / 3:50 AM / 4 months ago

NEWSMAKER-BOJ's Kuroda says there's no reason to withdraw monetary stimulus now

1 Min Read

TOKYO, March 24 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday there is "no reason" to withdraw the bank's massive monetary stimulus now as inflation remains distant from its 2 percent target.

"While some improvements have been observed in economic and price developments, there is still a long way to go to achieve our price target," Kuroda said in a speech at a Reuters Newsmaker event.

Kuroda added that the BOJ won't increase its bond yield target just because overseas long-term interest rates are rising. (Reporting by Leika Kihara and Stanley White; Editing by Chris Gallagher)

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