In an interview with Bloomberg on Saturday, Bank of Japan President Yoshihiko Kuroda said the Bank of Japan was prepared to hint at changes in interest rates when it withdraws from large-scale stimulus policies. Interest rate is the main policy objective of the bank.
"When we reach or close to the 2% inflation target, we can certainly adjust that target, the interest rate target for monetary manipulation," Toshihiko Kuroda said when asked how the Bank of Japan would imply an exit from ultra-easy policy.
"At this point, inflation is only 1%, so we will continue to maintain the current interest rate level to control the yield curve," Bloomberg quoted him as saying.
Mr. Kuroda also said market participants should not focus on the size of the Bank of Japan's bond purchases, as this is no longer the central bank's policy objective.

<>The president of the Bank of Japan said it would withdraw from QE through intere

 

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