Incoming Bank of Japan (BoJ) Deputy Governor Shinichi Uchida told the parliament on Tuesday that it is too soon for the central bank to review its monetary policy, noting that the ultra-loose setting is still needed for economic recovery.
The official said the specifics of the exit will be determined by the state of the economy, arguing that reviewing the policy only to address side effects will lessen the effect of the stimulus. "Financial stability is an important factor when BoJ considers exit from stimulus," he said.
