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.
