February 16, 2018 / 2:01 AM / a month ago

BOJ's Kuroda warns against premature plan of stimulus exit

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank should not prematurely announce plans for withdrawing its massive monetary stimulus as doing so could confuse markets.

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan January 23, 2018. REUTERS/Kim Kyung-Hoon

“When the time for an exit (from the ultra-easy policy) comes, the BOJ will communicate its intentions appropriately to ensure it doesn’t cause turbulence in markets,” Kuroda told parliament.

Reporting by Leika Kihara; Editing by Chris Gallagher

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