Central Banks
Kuroda Signals No Shift After Inflation Hits 41-Year High
- Yen declines, making it the weakest G-10 currency this week
- Investors are eyeing end to BOJ’s yield-curve-control policy
Haruhiko Kuroda at the World Economic Forum in Davos, Jan. 20.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Bank of Japan Governor Haruhiko Kuroda signaled the hottest inflation since 1981 has no impact on his determination to continue with monetary easing. The yen weakened.
“Our hope is that wages start to rise and that could make the 2% inflation target to be met in a stable and sustainable manner,” Kuroda told a panel discussion Friday in Davos — his first public comments since data on prices were released earlier in the day. “But we have to wait for some time.”