Central Banks
Kuroda Vows to Keep Easing to Back Still-Recovering Economy
- BOJ governor says Japan inflation is different from US, Europe
- Kuroda says stable inflation requires increases in wages
Haruhiko Kuroda
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Bank of Japan Governor Haruhiko Kuroda pledged to maintain monetary easing to support a Japanese economy that’s still recovering from the pandemic and has yet to achieve a stable pace of inflation.
Wages need to increase much more to achieve Japan’s price-stability target, Kuroda said at the Institute of International Finance annual meeting in Washington on Wednesday. The BOJ needs to continue easing in order to secure that inflation target and support the economic recovery, he said.