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Kuroda Defends Price Target After Government Urges Flexibility

  • BOJ maintains policy settings as it downgrades economic view
  • Slowing growth overseas is hurting Japan’s exports, output
Haruhiko Kuroda
Haruhiko KurodaPhotographer: Toru Hanai/Bloomberg
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Bank of Japan Governor Haruhiko Kuroda said he’s still seeking to deliver 2 percent inflation after the government voiced support for a more flexible approach to the goal, which hasn’t been hit in a decade.

Japan must reach 2 percent to achieve a self-sustaining cycle of economic growth, where higher corporate profits and wages fuel consumption and investment, Kuroda said after a BOJ board meeting on Friday, when policy makers maintained stimulus while downgrading their economic assessment.