Skip to content
Subscriber Only

Kuroda Says Policy Can Spur Inflation to Goal as BOJ Cuts View

The Bank of Japan’s unprecedented monetary stimulus can drive inflation to its 2 percent target, Governor Haruhiko Kuroda said as the bank left its policy unchanged and trimmed its price outlook.

A slowdown in Japan’s economy is unlikely to continue this quarter while inflation could pick up “quite fast” from the autumn, Kuroda said after the bank kept a pledge to expand the monetary base at an 80 trillion yen ($648 billion) annual pace.