BOJ's Kuroda expresses resolve to keep ultra-easy monetary policy
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan June 15, 2018. REUTERS/Issei Kato
TOKYO: Bank of Japan Governor Haruhiko Kuroda on Monday stressed that the central bank would maintain its ultra-loose monetary policy until inflation hits its 2 percent target.He also reiterated that Japan's economy would see inflation accelerate towards the BOJ's target as the output gap improved and medium- to long-term inflation expectations heightened.
"Japan's economy is expected to continue expanding moderately," Kuroda said in a speech at a quarterly meeting of the central bank's regional branch managers.Under a yield curve control policy adopted in 2016, the BOJ pledges to guide short-term interest rates at minus 0.1 percent and the 10-year government bond yield around zero percent.(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
Source : http://www.channelnewsasia.com/news/business/boj-s-kuroda-expresses-resolve-to-keep-ultra-easy-monetary-policy-10511360