Japan stimulus exit depends on price

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda warned against prematurely discussing a strategy for withdrawing its massive stimulus programme, stressing that the priority now was to keep flooding markets with cash to meet the bank’s inflation target.

He also called on the government to map out a credible growth strategy and take measures to boost Japan’s long-term growth potential, as improvements in the economy and an ageing population have led to labour shortages. — Reuters