BOJ’s Kuroda says has no intention of resigning

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday he had no intention of stepping down, when asked by an opposition lawmaker on whether he would take responsibility for failing to achieve his 2% inflation target and hurting the economy with a weak yen.

Speaking in the same parliament session, Prime Minister Fumio Kishida defended the BOJ’s policy, saying the government will play its part by ensuring wages rise enough to compensate households for the rising cost of living.

“The BOJ has responsibility over monetary policy, including an exit strategy (from ultra-loose policy),” Kishida said.

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