BoJ: Fed hike won't spur exodus of funds from emerging markets

Kuroda: ‘If risks materialise and lead to changes in trend inflation, the BoJ won’t hesitate to adjust policy as needed to achieve its price target.’ — EPA

OSAKA: Bank of Japan governor Haruhiko Kuroda has dismissed concern an expected US interest rate hike could jolt global markets, saying that emerging nations are now less concerned that tighter US policy will trigger an exodus of funds from their economies.

While maintaining his optimism on Japan's economic outlook, Kuroda reiterated his readiness to ease policy further if risks threaten achievement of its 2% inflation target.