BOJ Kuroda Dismisses Near-Term Chance of Exiting Easy Policy
TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signaling an increasing focus on what comes after Kuroda’s tenure ends.
Investors have continued to push up Japanese government bond (JGB) yields on expectations the BOJ will phase out its yield control under a new governor when Kuroda’s second five-year term comes to a close in April of next year.
The shift in attention towards a post-Kuroda era was also evident in comments by Prime Minister Fumio Kishida on Monday that a decision on whether to revise Japan’s decade-old blueprint for beating deflation will be made after a new BOJ governor is appointed….