Japan is likely to continue its extremely loose monetary policy despite recent price hikes, according to central banker Kuronda and Prime Minister Kishinda.
“The BoJ will support the economy, which is still on track to recover from the pandemic, patiently pursuing dynamic monetary easing,” Kuronda told a parliamentary committee.
Kishida, who attended the same meeting, stressed that the government is not considering amending its agreement with the BoJ, under which the central bank promises to adopt a relaxed policy to achieve 2% inflation.
Consumer prices rose more than 2% in April due to higher energy prices.
Kuroda has repeatedly stated that such an inflation rate is unsustainable.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
