Central Banks
Kuroda Pledges Loose Policy Until Price, Wage Gains Sustainable
- Prices, wages must rise ‘in a stable and sustainable manner’
- Governor Kuroda speaking at Fed’s Jackson Hole event Saturday
Haruhiko Kuroda
Photographer: Jun Hirata/Kyodo NewsThis article is for subscribers only.
Bank of Japan Governor Haruhiko Kuroda said almost all of the country’s inflation is being caused by higher commodities prices and that the central bank must continue with easy monetary policy for now.
“We have no choice other than continued monetary easing until wages and prices rise in a stable and sustainable manner,” Kuroda said at the Federal Reserve Bank of Kansas City’s Jackson Hole, Wyoming, retreat on Saturday. He was speaking from the audience during the question-and-answer session following a panel discussion.