Bank of Japan chief signals no retreat on easy money in the near future

Tokyo

BANK of Japan governor Haruhiko Kuroda signalled Thursday that the Japanese central bank will not announce any "exit strategy" from aggressive monetary easing, until consumer price inflation in Japan hits the BOJ target of 2 per cent a year - in maybe two years from now.

This implies that the yen is likely to remain under downward pressure for a considerable time into the future, despite suggestions in the US and elsewhere that a weak yen give an unfair export advantage to Japan.