Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Monday the central bank's decision last week to widen the allowance band around its yield target was 'absolutely not a first step' towards an exit from ultra-loose monetary policy.
Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, December 19, 2019. REUTERS/Kim Kyung-Hoon
TOKYO, Dec 26 - Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank's decision last week to widen the allowance band around its yield target was "absolutely not a first step" towards an exit from ultra-loose monetary policy. "Under our yield curve control policy, we will maintain monetary policy accommodative to sustainably and stably achieve our price target accompanied by wage increases," Kuroda said in a speech delivered to a meeting of Japan's business lobby Keidanren.
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