Kuroda Sees Inflation on Track as BOJ Keeps Record Stimulus

Bank of Japan Governor Haruhiko Kuroda said he remains on standby to adjust monetary policy if needed after the policy board on Wednesday maintained record stimulus.

With underlying price trends unchanged in the world’s third-largest economy, Kuroda said further action at this point was unnecessary. The BOJ kept a pledge to boost the monetary base at an annual pace of 80 trillion yen ($670 billion), as forecast by economists.