Kuroda: BoJ May Ease Policy for ‘some time’

The Bank of Japan may have to pursue its aggressive monetary policy easing for “some time” to fully vanquish deflation, BoJ Governor Haruhiko Kuroda said on Saturday.

Speaking at a global central banking conference here, Kuroda said the central bank’s efforts to overcome deflation by stimulating Japan’s economy with large-scale asset purchases was proving effective.

He added, however, that the public was not yet convinced Japan’s central bank would hit its 2 percent inflation target.  Creating that expectation was necessary to get firms to raise wages – a key step in Japan’s long war with deflation, he said.


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