Kuroda Hints at Policy Normalization as Prices, Economy Improve

Bank of Japan Governor Haruhiko Kuroda dropped a heavy hint Monday that he wants to normalize monetary policy once the BOJ gets closer to its price goal.

While the central bank still needs to stick persistently with its stimulus program to achieve its 2 percent inflation target, Japan is no longer in a situation where it’s best to be "decisively implementing a large-scale policy to overcome deflation," Kuroda said in a speech in Nagoya.