Bank of Japan Gov. Haruhiko Kuroda reiterated Monday that policymakers will be more mindful of the rising cost of prolonged stimulus, though the central bank chief ruled out the chance of a near-term interest rate hike.
Kuroda said there is "no reason" now for the BOJ to follow in the footsteps of its U.S. counterpart in normalizing policy with inflation still distant from its 2 percent target.
The governor, however, said that in keeping monetary conditions loose, the BOJ must now focus more on addressing the fallout of ultra-low rates such as the strains on financial institutions.