Вank of Japan Governor Toshihiko Fukui said Thursday he hopes to "immediately" end the current quantitative easing framework once necessary conditions are met.
"We will determine in a calm and objective manner whether the core consumer price index is stably above zero," Fukui said in an Upper House committee.
"We hope to immediately end (quantitative easing) once we conclude" that conditions for doing so are met, he said.
Under its quantitative easing policy, the BOJ floods the market with extra cash so that its account balance, which it uses to measure excess liquidity, is between Y30 trillion to Y35 trillion.
The BOJ has vowed to keep the framework for quantitative easing until on-year changes in the core CPI are stable above zero.
Senior BOJ officials, including Fukui