BOJ’s Kuroda: need to stick with easing, watch price trend

Reuters/Stanley White/06-21-17

Bank of Japan Governor Haruhiko Kuroda said maintaining the current easy monetary conditions is appropriate because prices are lagging improvements in the economy and remain distant from the central bank’s inflation target.

…”Our economy is on firmer footing, but we are still distant from our 2 percent inflation target,” Kuroda said.

“It is appropriate to keep monetary conditions easy with our current market operations framework.”

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