February 06, 2023 03:29 GMT
MNI BRIEF: BOJ Must Support Economy With Easy Policy - Kuroda
Bank of Japan Governor Haruhiko Kuroda said on Monday that the BOJ must firmly support the economy with easy policy in order to achieve its 2% price target accompanied with wage hikes in a stable and sustainable manner.
Kuroda told lawmakers that the year-on-year rise in consumer price index will fall below 2% in fiscal 2023, although Japan’s core CPI, boosted by the rise in import prices, rose 4% y/y in December. He also said import prices have been falling.
The BOJ board’s median forecast for core CPI in fiscal 2023 is a 1.6% rise, down from the median forecast of 3.0% this fiscal year.
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