Free Trial

MNI BRIEF: BOJ's Kuroda: Econ Conditions Support Easy Policy

TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said on Friday that current economic and price conditions do not warrant the unwinding of easy monetary policy, see: MNI BRIEF: BOJ's Kuroda Repeats Weak Yen Overall Good For Econ.

“The GDP hasn’t recovered to pre-pandemic levels and the output gap of the economy is in negative territory. CPI is expected to clearly rise, and core CPI is likely to rise to close to 2% in or after April. But the rise in CPI is due to energy prices and a cost-push rise, which lowers households’ real purchasing power,” Kuroda told lawmakers.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.