Bank of Japan Governor Kuroda set for final policy meeting

The Bank of Japan will open a two-day policy meeting on Thursday to discuss the impact of its massive monetary-easing policy on financial markets and the economy.

The meeting will be the last for Governor Kuroda Haruhiko, who will step down April 8 after a decade as the bank's head.

The central bank raised the cap on long-term interest rates last December to correct a side effect caused by its years of ultra-loose monetary policy.

Upward pressure remains on long-term interest rates on the expectation the bank will further raise the cap.

The bank will also likely discuss whether consumer prices are nearing its 2-percent inflation target as more firms appear open to raising wages.