MNI BRIEF: BOJ's Kuroda Says 2% Target Can Achieved
Bank of Japan Governor Haruhiko Kuroda said on Thursday that 2% inflation target can be achieved in a stable and sustainable manner accompanied with wage hikes, although it will take time.
Kuroda told lawmakers it is the most important that the BOJ firmly support the economy with easy policy in order to create an environment for businesses to raise wages next spring.
Shinichi Uchida, the BOJ executive director in charge of monetary policy, also told lawmakers that ensuring the stability of financial markets is the most important factor when the BOJ implements an exit of easy policy.
“It is premature to discuss an exit strategy now,” Uchida said, adding that the type of measures and the order the BOJ would implement them during an exit depends on economic and price conditions at that time.