Kuroda defends BoJ’s asset purchases

Haruhiko Kuroda: “I don’t think we’re at a stage where we need to debate an exit strategy for our ETF purchases”

European Central Bank

- William Towning
- 11 Dec 2018

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Bank of Japan governor Haruhiko Kuroda told the Japanese parliament on December 7 that he does not anticipate an early end to the central bank’s purchases of exchange-traded funds (ETFs).

One former senior BoJ official tells FX Week’s sister publication, Central Banking, that the bank should consider ending the programme, but predicts it could face severe difficulty in doing so.

With inflation still below the BoJ’s 2% target, it is too early to consider slowing or ending its ETF purchases

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