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Bank of Japan Has Tools for Stimulus Exit in Stable Manner, Amamiya Says

  • Deputy governor nominees offer different views of policy
  • Wakatabe calls for more stimulus if 2 percent CPI hard to hit
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The Bank of Japan has the tools to eventually exit its record monetary easing without disrupting markets, according to Masayoshi Amamiya, a nominee for one of the two deputy governor positions at the central bank.

The BOJ can adjust bond yields in a stable manner when the time comes for it to start normalizing its policy, Amamiya said at a confirmation hearing in parliament on Monday. The comments came after Governor Haruhiko Kuroda said that during the fiscal year starting in April 2019 the BOJ would probably be considering the details of any exit.