Kuroda Says BOJ Can Achieve Smooth Exit From Loose Money Policy

Kuroda Says BOJ Can Achieve Smooth Exit From Loose Money Policy
A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, on May 22, 2020. Kim Kyung-Hoon/Reuters
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TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank can execute a smooth exit from its ultra-loose monetary policy, though doing so “won’t be easy.”

Kuroda repeated his view that the central bank must maintain ultra-easy monetary policy for now, with consumer inflation expected to slow next year and beyond, after speeding up to near its 2 percent target this year because of surging energy costs.