TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would debate and communicate at an appropriate timing an exit plan from its ultra-loose monetary policy.
Kuroda said the BOJ did not have a specific exit strategy now because it would take “significant time” in achieving its 2 percent inflation target. “When the appropriate time comes, we will debate at our policy meetings an exit strategy and guidance, and communicate them appropriately.”
Although Abe pointed out that bold quantitative easing has allowed deflation to escape, the path to normalization of finance has become increasingly impossible.
It is impossible to achieve a 2% inflation level until Kuroda reaches its natural end of life.
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