BloombergThe Bank of Japan (BOJ) will start thinking about how to exit its massive monetary stimulus program around the fiscal year starting in April 2019, Governor Haruhiko Kuroda said yesterday, marking the first time he has provided any clear guidance on timing for normalizing policy. The yen surged, gaining as much as 0.5 percent to ￥105.71 per US dollar, while yields on Japanese sovereign debt climbed across the curve. “Right now, the members of the policy board and I think that prices will move to reach 2 percent in around fiscal 2019. So it’s logical that we would be thinking about and debating exit at that time too,” he said. “Kuroda has essentially connected the dots between two existing positions: The BOJ has been forecasting that inflation will reach 2 percent around fiscal 2019.

Source: Taipei Times March 02, 2018 15:56 UTC