Bank of Japan Gov. Haruhiko Kuroda said Tuesday that it is still too early to discuss details on how to exit from monetary easing because inflation is still below the bank’s 2% target.
When asked in a parliamentary committee whether the bank is considering selling its holdings of exchange-traded stock funds Kuroda said it would continue the stock-purchase program for now. But when the time comes, the bank will make efforts to avoid losses or causing confusion for the market, he added.
Kuroda also said increases in energy and food prices could weigh on real wages and the overall economy.
Earlier Tuesday, the yen fell to 120 against the dollar for the first time in six years, adding to concerns over higher prices and possible impact on the Japanese economy.