Economics
BOJ’s Kuroda Would Hold Policy Even if Inflation Hits 3%, Survey Shows
- Analysts say 6 months of 3% core-CPI needed for policy shift
- Majority say that hitting 3% doesn’t mean Kuroda will adjust
This article is for subscribers only.
Bank of Japan Governor Haruhiko Kuroda is unlikely to move toward normalization in the final months of his term, even if inflation hits 3%, though a prolonged spell at that level would eventually prompt change, according to economists surveyed by Bloomberg.
BOJ watchers have seen Japan’s key price measure come in above the central bank’s 2% target for four straight months and continue to pick up speed. But 16 of 19 analysts said that a further acceleration to 3%, the highest since 1991 excluding tax-hike years, wouldn’t increase the likelihood of policy change before Kuroda’s term ends in April.