The Bank of Japan will keep its highly expansionary monetary policy in place until inflation hits and stabilizes at its 2 percent target, the central bank’s governor said on Thursday, adding it would take more easing measures if price rises flagged.
“We intend to achieve the 2 percent inflation target and maintain that in a stable manner,” Haruhiko Kuroda told the Financial Times, suggesting ultra-easy money could remain in place well beyond the two-year time frame the BoJ has given itself to reach the goal.
“It’s not good just to touch on 2 percent inflation and then go down to 1 percent or less than 1 percent.”
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