Bank of Japan Gov. Haruhiko Kuroda said Friday it is still premature to start any discussion on the timing of an exit from the ultra-loose monetary easing policy, saying his 2 percent inflation target is still too far out.
Kuroda briefly rattled markets last week during testimony in the Lower House where he mentioned that the BOJ will probably be debating an exit policy around fiscal 2019 — the first occasion he has touched on a timeline for ending its ultra-loose monetary easing.
But with Friday's comment, Kuroda apparently tried to calm market players who were speculating that he may end the easing in fiscal 2019.
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