More from BOJ Gov. Kuroda - not at stage where we can debate an exit from easy policy

Bank of Japan Governor Kuroda

• When achivement of 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term target accompanied by wage hikes comes into sight, boj can debate an exit policy from easy policy, head toward policy normalisation
• We are not at stage where we can debate an exit from easy policy
• Raising interest rates now would hurt economy still in midst of recovering from pandemic's impact so undesirable
• I am aware of the impact weak yen is having on households via higher import prices

• Merits of BOJ’s current policy outweighing costs, but aware of need to be mindful about costs of prolonged easing
• Pace of raising japan's negative interest rate will be among key factors when BOJ debates exit strategy
• Another factor is how to adjust BOJ’s huge balance sheet

Earlier from Kuroda (more comments on the yen at this link):

BOJ Gov. Kuroda says Japanese CPI is likely to fall back under 2% next fiscal year