May 22, 2018 / 2:37 AM / a year ago

BOJ Kuroda: Will telegraph exit plan if prospects for hitting price goal heighten

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank will telegraph to markets how it plans to exit from its ultra-easy policy when prospects for hitting its price goal heighten.

But he said conditions are not rife yet for the BOJ to debate a specific timing for whittling down its massive stimulus programme.

“The BOJ won’t end the ultra-easy policy before inflation reaches 2 percent,” Kuroda told parliament.

Reporting by Leika Kihara

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