The new policy framework of the Bank of Japan was meant to bolster monetary policy and reach the central bank’s inflation target as soon as possible, Japanese Prime Minister Shinzo Abe said.
Speaking in parliament, the prime minister said he trusted BOJ Governor Haruhiko Kuroda.
He also added that a talk regarding the exit strategy of the bank was too early.
The BOJ last week shifted monetary policy to targeting short- and long-term rates instead of an expansion in the monetary base with government debt purchases.
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