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MNI BRIEF: BOJ's Kuroda Sees Easy Policy Lifting Demand, Wages

(MNI) Tokyo
MNI (Osaka)

Bank of Japan Governor Haruhiko Kuroda said on Monday that the BOJ will continue with monetary easing to bolster Japan’s economy, with wages expected to benefit as domestic demand is supported.

Kuroda told business leaders in Osaka City that the BOJ will ensure accommodative financial conditions for businesses by shifting its focus to meeting a wide range of financing needs while gradually scaling back the role of crisis measures.

The Governor maintained his cautious view on inflation. He said inflation was "likely to increase further" toward the end of the year but was projected to eventually decline below 2% as the impact of elevated costs starts to peak in early 2023.

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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