Japan’s new government and the nation's central bank have confirmed their commitment to a key 2013 pledge to cooperate on achieving 2% inflation, a move that will likely temper market speculation of an early stimulus exit.

Bank of Japan Gov. Haruhiko Kuroda reaffirmed the commitment in a meeting with government ministers Tuesday, the BOJ said in a release after Kuroda met with Finance Minister Shunichi Suzuki and Economy Minister Daishiro Yamagiwa.

The government and the central bank also agreed to keep in close contact and cooperation, in line with commitments made in a 2013 joint statement, which also laid out the country's inflation target for the first time.