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TOKYO, May 10 (Xinhua) -- Bank of Japan Governor Haruhiko Kuroda on Wednesday vowed to start thinking about plans for the central bank to exit from its aggressive monetary easing measures.
During a parliamentary session, the BOJ chief said it is very important to explain clearly how the central bank will attempt to taper its large-scale monetary easing that has been implemented during Kuroda's tenure.
Along with sizable asset purchases under Kuroda's stewardship since he assumed the post in 2013, the BOJ has eased its monetary policy to levels not seen before in Japan and in January last year Wholesale Houston Astros Jerseys , the bank opened to plunge its interest rate for the first time into negative territory.
In September 2016, the central bank adopted a "yield-curve control" policy which functions to keep long-term interest rates exceedingly low by adjusting the amount of its bond purchases.
The BOJ to date has acquired in excess of 40 percent of the Japanese government's outstanding bonds.
The policy has come under scrutiny and criticism recently for its durability and sustainability, however, as yield and debt prices move inversely to each other.
Kuroda has said the bank will not necessarily peg 10-year yields at exactly zero percent, but rather is aiming to guide yields around zero percent Wholesale Kansas City Royals Jerseys , with some room for allowances.
In a recent analysis of the situation the BOJ chief said the yield curve control is functioning smoothly and that he expects it to do so in the future.
But such aggressive monetary easing measures functioning simultaneously have led some economist to believe that they might be disruptive to the normal functioning of Japan's economy and its financial system, and hence it might be time to consider tapering them.
The BOJ has been charged with the lofty goal, however, of reversing decades of deflation in Japan and hitting a 2 percent inflation target, the target date of which has been delayed due to sluggish domestic demand and what Kuroda has described as "lateral price moves" and the Japanese public's "deflationary mindset."
With economists calling for an exit strategy from the BOJ's aggressive easing measures Wholesale Los Angeles Angels of Anaheim Jerseys , Kuroda has said that while some market participants believe core consumer inflation will approach 1 percent in the latter half of this year, the central bank will not automatically raise its yield target just because of this.
Chinese premier stresses reform, innovation to support development
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Xinjiang Int'l Grand Bazaar held in Urumqi, NW China
8th China Peking Opera art festival to be held in Nanjing
The term March Madness has nothing to do with this month's unpredictable "in like a lion, out like a lamb" weather patterns.
Instead Wholesale Los Angeles Dodgers Jerseys , it refers to the NCAA (National -Collegiate Athletic Association) men's basketball tournament, whose "madness" emanates from an abundance of David-slaying-Goliath -upsets, obscure players-turned-heroes and the most gambled on American sporting event next to the Super Bowl.
This year's tournament (which begins -Tuesday) promises to be as mad as any in recent memory - for reasons that have more to do with coaches' and players' off-court activities than with the games themselves.
Syracuse University, the 2003 champions, -voluntarily decided not to participate this year in an ingratiating attempt to avoid significant NCAA sanctions for academic fraud. (Last week the NCAA saw through this transparent attempt and hit the school with major penalties.)
The University of North Carolina Wholesale Miami Marlins Jerseys , a perennial power and five-time champions, will compete in the tournament only one month after the death of Dean Smith, its legendary coach. Coincidentally, the Tar Heels are currently the subject of an NCAA investigation into Syracuse-like misdeeds. Will this be the last tournament appearance for Tar Heels coach and Smith protégé Roy Williams?
But the biggest story line in this year's -tournament has to be the University of Kentucky Wildcats' bid to finish the season with not only an NCAA title, but also an undefeated record.
Coach John Calipari has led three schools to the final four Wholesale Milwaukee Brewers Jerseys , but two of those trips were later -invalidated when rules violations were -uncovered. Would a perfect record vindicate the career of Calipari, the coach college hoops fans most love to hate?
The last team to go undefeated and win a championship was the 1975-76 Indiana Hoosiers, coached by Bobby Knight.
As a coach, Knight was known for running a squeaky-clean program, but behaving boorishly in public.