March 6, 2018 / 7:31 AM / 4 months ago

Kuroda denies saying BOJ will exit easy policy in FY2019/20

TOKYO, March 6 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday his comments last week did not mean the central bank would exit its ultra-loose monetary policy during fiscal 2019.

Kuroda jolted markets on Friday when he told parliament the BOJ could consider and debate exiting its ultra-easy policy if inflation hit its 2 percent target as projected in the fiscal year ending in March 2020.

“I didn’t say the BOJ will immediately exit the easy policy in fiscal 2019. I only said there could be some debate of an exit if inflation hits 2 percent during fiscal 2019, as we project,” he said. (Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by Chris Gallagher)

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