BOJ Kuroda Says CB Has Means to Reach 2% Target

Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank has ample means to achieve its goal of accelerating inflation to 2 percent and keeping it there in a stable manner.

Speaking in parliament, Kuroda said raising the 0.1 percent interest the BOJ pays on excess reserves parked with the central bank could be one option if the BOJ were to exit its massive stimulus program.

But he stressed that it was premature to debate a specific exit strategy now because how best to end the stimulus program depends on economic and financial developments at the time.

via Reuters

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza