BoJ Governor Haruhiko Kuroda reiterated to the parliament today that it’s still premature to discuss details on stimulus exit. “Given recent price developments, we need to patiently maintain our powerful monetary easing,” he said.
Kuroda said consumer prices are likely to rise. However, he warned that “instead of leading to higher wages and corporate profits, such cost-push inflation will weigh on the economy in the long run by hurting corporate profits and households’ real income.”
