BOJ Kuroda signals no mood to rush stimulus exit even as Fed tapers asset buying


Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon

  • Kuroda discusses economy, markets with PM Kishida
  • Gov says BOJ faces ‘different situation’ from Fed
  • Vows to hit 2% inflation by keeping YCC even after pandemic

TOKYO, Nov 4 (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda on Thursday suggested his bank was in no mood to exit its massive monetary stimulus programme soon, speaking after the U.S. Federal Reserve decided overnight to taper massive asset purchases.

Kuroda, speaking to reporters after a meeting with Prime Minister Fumio Kishida, said his institution faces a different situation regarding the coronavirus pandemic compared with Western central banks.

The Fed, as widely expected, announced on Wednesday that it would begin reducing its $120 billion in monthly purchases of Treasuries and mortgage-backed securities at a pace of $15 billion per month, with a plan to end the…

Read more…