November 5, 2018 / 2:38 AM / 8 months ago

BOJ will exit easy policy when price goal met - Kuroda

NAGOYA, Japan, Nov 5 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would “of course” seek an exit from ultra-easy policy when inflation reaches its 2 percent target.

“When the BOJ seeks an exit from easy policy, the yield curve will steepen and interest rates will rise,” Kuroda said in a meeting with business leaders in Nagoya, central Japan.

But higher interest rates alone won’t fix structural problems that are weighing on regional banks’ profits, such as a dwindling population and a lack of funding demand as more firms relocate to bigger cities, he said. (Reporting by Leika Kihara Editing by Chang-Ran Kim)

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