2018.02.2523:30:00UTC+00BOJ has no Plan Conduct Another Policy Review: Kuroda

Bank of Japan Governor Haruhiko Kuroda said that conducting another comprehensive assessment of the central bank's monetary policy is currently not on the table.

Speaking to the parliament, the head of the Japanese central bank said that things are progressing smoothly, so there are no plans at this stage to hold another comprehensive review, citing the steady recovery in the economy.

The comments were made by Haruhiko when asked by a legislator whether BOJ would conduct an assessment of why its policy had failed to drive up inflation to its 2 percent target.

He reaffirmed the BOJ's resolve to retain its massive monetary stimulus with inflation far from its target.

The central bank overhauled its policy framework to one targeting interest rates from the rate of monetary printing in 2016, after three years of massive asset purchasing failed to accelerate prices pressures.