Economics

Kuroda Doubles Down on Stimulus Commitment Even If Prices Hit 2%

Japan’s central bank diverges from Fed, BOE rate hikes
BOJ downgrades view on economy, citing the impact of Covid

WATCH: The Bank of Japan indicated increasing concern over the economy as it stuck with a dovish stance. Kathleen Hays reports.Source: Bloomberg

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By Toru Fujioka and Sumio Ito

March 18, 2022 at 3:04 AM UTC

Updated on

March 18, 2022 at 8:54 AM UTC

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Bank of Japan Governor Haruhiko Kuroda doubled down on his commitment to continue with stimulus even if inflation continues to accelerate, in a rebuttal of the need to join a global wave of central banks normalizing policy.