Free Trial

MNI BRIEF: BOJ's Kuroda Says He Has No Intention To Resign

(MNI) Tokyo
MNI (Tokyo)

Bank of Japan Governor Haruhiko Kuroda said on Tuesday that he had no intention to resign before his term ends in April 2023.

An opposition lawmaker said the quantitative and qualitative monetary easing introduced by Kuroda, which had produced a weak yen, was a failure and he should resign.

“(I) have no intention to resign,” Kuroda told lawmakers at the Lower House budget committee.

He added that the easy policy was effective in beating deflation, driving a recovering in the economy and improving the labor market.

“Your assessment is wrong that easy policy is a failure,” Kuroda said.

Prime Minister Fumio Kishida, who appeared at the same panel, said he had no plan to change a joint statement between the government and the BOJ made in 2013, which included the BOJ commitment to achieve a 2% price target.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.