Economics
Jackson Hole Latest: Kuroda Says BOJ to Continue Easing Policy
- Schnabel says forceful ECB action needed to curb prices
- Bank of England’s Bailey sees reserve levels posing challenge
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Bank of Japan Governor Haruhiko Kuroda said inflation will turn lower in his country later this year and next, leaving him “no choice” but to keep easing monetary policy.
“Somewhat miraculously, now we have 2.4% inflation. But almost wholly caused by the international commodity price hike, energy and food,” he told fellow policy makers Saturday at the Federal Reserve Bank of Kansas City’s annual conference in Jackson Hole, Wyoming.