BOJ Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in September. Photo: REUTERS / Toru Hanai

The Bank of Japan upgraded its assessment of private consumption for the first time in six months, and reassured that a rollback of ultra-loose monetary policy will have to wait, reports Reuters.

“There’s some distance to achieving 2 percent inflation, so it’s inappropriate to say now specifically how we will exit our ultra-loose monetary policy, and how that could affect the BOJ’s financial health,” Kuroda said in a news conference Friday.

He added the bank “will debate an exit strategy only after 2 percent inflation is achieved and price growth stays there stably.”