Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks next to Japan’s Deputy Prime Minister and Finance Minister Taro Aso (L) during a financial and monetary committee session at the Lower House of the parliament in Tokyo, Japan, February 16, 2018. REUTERS/Toru Hanai
February 28, 2018
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday that once the central bank starts to normalize monetary policy the process would be “very gradual” and that the BOJ would pay attention to any risks to the economy.
Speaking in the lower house of parliament, Kuroda said the BOJ would not continue with its aggressive monetary easing once inflation reached its price target and the economy was growing stably.
Kuroda also said financing public debt was not part of the BOJ’s mandate.
(Reporting by Stanley White; Editing by Chang-Ran Kim)
