Haruhiko Kuroda, governor of the Bank of Japan, has made his comments during the press conference after the announcement of the monetary policy decision of Friday.
When asked about the possibility of inflation reaching 2% in April, Kuroda said that “he does not believe that this situation will continue in the long term“.
Additional comments
“It is true that the direct impact on households from weak yen is not necessarily positive.”
“Monetary tightening is not necessary due to transitory and unsustainable inflation due to the increase in world prices of raw materials”.
“Monetary easing is necessary to support the Japanese economy in the midst of recovering from the pandemic“.
“It is appropriate take action against rising fuel prices.”
“Thinking that the weak yen is negative for the Japanese economy is wrong.”
Source: Fx Street
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.
