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

(MNI) Tokyo
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

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