BoJ’s Kuroda: Too soon to discuss exit policies as it could confuse markets
More headlines hitting the wires from the Bank of Japan (BoJ) Governor Kuroda, as he continues to speak at the presser.
Inflation still distant from central bank's target.
It'll take some time to change the deflationary mindset.
Japan economy making steady progress towards target.
Too soon to discuss exit (from easing policies) as it could confuse markets.
BoJ hasn't reached a point to consider exit.
Exit tools, the sequence could change over time.
BoJ has tools to exit while keeping the market stable.
Ways of exit depend on economy, inflation, financial conditions at the time.
Hard to talk about specifics of exit currently.
Impact of 2019 planned sales tax hike likely smaller than that of 2014.
No need to worry about economic bust after 2020 Olympics.
Expects the global economy to continue well-balanced growth.
Whittle down stimulus to create policy room to address future growth slowdown would be inappropriate.
The process towards normalization must be considered eventually.
On talks with PM Abe; says there were no specific discussions on further easing.
Additional fiscal steps could be taken as necessary.