The BoJ maintained its pledge of increasing base money, or cash and deposits at the central bank, at an annual pace of 60-70 trillion yen (US$547-US$638bil) via purchases of government bonds and risky assets, but is non-committal about expanding the stimulus - AFP Photo.
TOKYO: The reappointment of Bank of Japan (BoJ) governor Haruhiko Kuroda for another five-year term means the central bank will continue to gradually edge away from crisis-mode stimulus, former BoJ board member Takahide Kiuchi said.
Premier Shinzo Abe’s decision to reappoint Kuroda, whose massive easing efforts failed to accelerate inflation to his 2% target since becoming governor in 2013, is a sign the government is no longer insisting that the BoJ meet its price goal quickly, he said.
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