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BOJ to Consider Normalization During Next 5 Years, Kuroda Says

  • Kuroda holds press briefing at start of new five-year term
  • It’s too early to talk about exit details yet, he reiterates
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Bloomberg’s Kathleen Hays reports on Bank of Japan and ECB monetary policies.(Source: Bloomberg)

The Bank of Japan has a lot of work to do during the next five years, and that includes considering how to normalize monetary policy, according to Governor Haruhiko Kuroda.

“We will make the best efforts to meet the price-stability target, and eventually we will also have to consider the process of policy normalization,” the 73-year-old said in Tokyo after being officially reappointed. “I’ve been approved for another five-year term, and I plan to serve out that term.”