Japan Prime Minister Shinzo Abe said BoJ’s ultra loose monetary policy should not last “forever”. Now, he said that “wages are finally picking up … We’re starting to see consumption and capital expenditure boost growth.” And he’d like to end the ultra-loose policy “during my next term”.
But “when to modify the easy policy is up to (BOJ Governor Haruhiko) Kuroda. I’ve left that decision to him.” He added that “the BOJ’s price target is one measurement in guiding policy but the real goal is to boost growth and employment.” “We’ve seen a significant improvement in job growth.”
