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MNI BRIEF: BOJ Must Support Economy With Easy Policy - Kuroda

(MNI) Tokyo
(MNI) TOKYO

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.

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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.

Keep reading...Show less