March 5, 2018 / 6:04 AM / in 9 months

BOJ's challenges include future exit from easy policy: nominee Amamiya

A man walks past the Bank of Japan building in Tokyo, Japan January 15, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - The Bank of Japan faces various challenges ahead, such as examining the cost and benefits of its stimulus program and possibly considering a future exit from its ultra-easy policy, Masayoshi Amamiya, a nominee for BOJ deputy governor, said on Monday.

“Japan’s banking system remains stable now. But the environment surrounding financial institutions is becoming more severe,” Amamiya, currently the BOJ’s executive director, told a confirmation hearing in the lower house of parliament.

Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by Chris Gallagher

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