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Analysis: BOJ's Kuroda shifts into lower gear on stimulus policy

Reuters  |  TOKYO 

By Leika KiharaTOKYO (Reuters) - As Haruhiko Kuroda walks away from his "shock and awe" stimulus in favour of incremental policy shifts, he is edging ever closer to the approach of his predecessor at the Bank of Japan, a man he once derided for being too cautious.An actual exit from stimulus does not appear imminent. But central bank policymakers have begun brainstorming ways to raise bond yields from near-zero levels as a first step toward ending crisis-mode policy, sources familiar with the BOJ's thinking say.Last month's decision to drop a deadline for hitting its inflation target was the ...

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First Published: Tue, May 15 2018. 14:05 IST