KONTAN.CO.ID - TOKYO. Bank of Japan Governor Haruhiko Kuroda said on Wednesday consumer inflation may approach its 2% inflation on rising raw material costs, offering his clearest signal to date that upward price pressures will continue to broaden. But he said the central bank would maintain its ultra-loose monetary policy to ensure any rise in prices would be accompanied by higher wages and a recovery in the economy. "It's true there's a chance consumer inflation will approach 2% through various channels," Kuroda told parliament.
BOJ's Kuroda says inflation may approach 2% target through various channels
KONTAN.CO.ID - TOKYO. Bank of Japan Governor Haruhiko Kuroda said on Wednesday consumer inflation may approach its 2% inflation on rising raw material costs, offering his clearest signal to date that upward price pressures will continue to broaden. But he said the central bank would maintain its ultra-loose monetary policy to ensure any rise in prices would be accompanied by higher wages and a recovery in the economy. "It's true there's a chance consumer inflation will approach 2% through various channels," Kuroda told parliament.