TOKYO :Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will debate an exit strategy from its ultra-loose monetary policy, and communicate it to the public, once prospects to achieve stable inflation are in place.Speaking in parliament, Ueda said it was too early to discuss specific plans
TOKYO :Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will debate an exit strategy from its ultra-loose monetary policy, and communicate it to the public, once prospects to achieve stable inflation are in place.
But he said the central bank would likely sell the assets at market price if it were to do so in the future. "We buy ETFs as part of our massive stimulus programme. We believe it will take a bit more time for Japan to sustainably and stably meet our price target," he said. Japan's core consumer inflation hit 3.1 per cent in March, well above the central bank's target, and an index excluding fuel costs rose at the fastest annual pace in four decades in a sign of broadening price pressure.
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