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(Z1) Bearish Trend Condition

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(Z1) Bearish Price Sequence

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(Z1) Off Recent Highs

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(Z1)‌‌ Support Appears Exposed

MNI (London)
     TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Monday that the
bank will show how to implement an exit strategy from easy policy at an
appropriate time after hitting the 2% price stability target.
     Kuroda told lawmakers, "It is important for the BOJ to make an exit
strategy and to show it to markets in order to maintain the stability of
financial markets."
     As for an exit strategy, Kuroda said that the BOJ needs to raise interest
rates and shrink its balance sheet, which has grown in the wake of aggressive
easy policy.
     When asked about the timing of hitting the 2% price target, Kuroda said
that it is difficult to achieve the 2% price target in the forecast period to
fiscal 2020 ending March 31, 2021.
     However, "momentum toward achieving the 2% price target is maintained and
the BOJ will patiently maintain the easy policy" to achieve the 2% price target,
Kuroda said.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,MMJBJ$,M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com