Economics
Kuroda Says BOJ Must Keep Aggressive Easing, Averts Talk on Yen
- BOJ governor speaks ahead of policy meeting next week
- Kuroda flags different inflation dynamics in Japan vs U.S.
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Governor Haruhiko Kuroda said the Bank of Japan must keep applying monetary stimulus given the more subdued inflation dynamics in the country compared with the U.S., in remarks Friday that omitted any reference to the yen’s depreciation.
“The Bank of Japan should persistently continue with the current aggressive money easing toward achieving the price-stability target of 2% in a stable manner,” Kuroda said in a speech at Columbia University in New York on Friday. “There is still a long way to go to achieve the 2% target in a stable manner.”