BoJ Governor Haruhiko Kuroda told the parliament that it may “take a long time” to achieve the “price stability target, involving wage hikes”. He reiterated that the central bank needs to continue with its monetary easing to support a fragile recovery.
At the same session, Executive Director Shinichi Uchida said it was too early to discuss exit from monetary stimulus. “When exiting, the point will be adjusting long-term and short-term policy rates and the BoJ’s balance sheet,” Uchida said. “The order and mixture of those factors would differ depending on economy, prices and financial situations at the time.”
