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MNI BRIEF: BOJ's Kuroda: 2% CPI Unlikely Sustained Long-Term

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Thursday that inflation will stay around 2% for now, but that level is unlikely to be sustained.

He added that the BOJ will have to keep the stability of markets when the bank proceeds to an exit of easy policy in the future. “It is not easy (for the BOJ) to proceed an exit strategy, while maintaining the stability of markets. But I believe the BOJ can do it,” Kuroda said (See MNI INTERVIEW: Near-Term Inflation Risks Rise-Ex BOJ Economist.)

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Bank of Japan Governor Haruhiko Kuroda said on Thursday that inflation will stay around 2% for now, but that level is unlikely to be sustained.

He added that the BOJ will have to keep the stability of markets when the bank proceeds to an exit of easy policy in the future. “It is not easy (for the BOJ) to proceed an exit strategy, while maintaining the stability of markets. But I believe the BOJ can do it,” Kuroda said (See MNI INTERVIEW: Near-Term Inflation Risks Rise-Ex BOJ Economist.)

Keep reading...Show less