Economics

Kuroda Pushes Back Against Speculation Tightening Is Near

He says the Bank of Japan isn’t ready to consider exit
The BOJ will continue with the current stimulus program

Nomura Securities Chief Market Economist Tomo Kinoshita weighs in on Bank of Japan monetary policy.(Source: Bloomberg)

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By Toru Fujioka and Masahiro Hidaka

January 22, 2018 at 10:19 PM EST

Updated on

January 23, 2018 at 3:24 AM EST

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Governor Haruhiko Kuroda delivered a message to investors speculating that the Bank of Japan might be nearing the start of policy normalization: Not so fast.

Kuroda said the BOJ wasn’t in a position to even consider exiting its current policy, after it maintained its massive stimulus program and kept its inflation and economic forecasts unchanged earlier on Tuesday.

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