BOJ Governor Kuroda told a House of Representatives Committee on Finance and Financial Affairs on the 6th that it would take some time to achieve the BOJ's price stability target of 2%, and that it was premature to discuss a review of the monetary policy framework. showed recognition.
In response to a question as to whether it was necessary to examine and verify the BOJ's continued large-scale monetary easing framework and the 2% price stability target, BOJ Governor Kuroda answered, It is still too early to discuss specifics such as the monetary policy framework, as it is expected to take more time to achieve the stability target."
He then said, ``By continuing with the current monetary easing policy, we will be able to create a situation in which it is easier for companies to raise wages, and we will be able to achieve the price stability target of 2%.'' He emphasized the stance of continuing monetary easing to achieve the stability target.
Regarding the so-called exit strategy, which reduces monetary easing, he said, "As we approach the realization of the target, we will discuss exit strategies and policies at the Monetary Policy Meeting and appropriately disseminate information." said.
On the other hand, regarding the side effects of monetary easing, Governor Kuroda said that it is necessary to implement the most appropriate policy while comparing the effects and side effects, and said, "At the moment, the effects of the policies are outweighing the side effects."