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Kuroda to Continue Monetary Easing

Kuroda to Continue Monetary EasingKuroda to Continue Monetary Easing

The Bank of Japan will maintain its current monetary easing framework featuring yield curve controls as long as it needs to achieve its 2% inflation target, BoJ Gov. Haruhiko Kuroda said Monday, Jiji Press reported. The Japanese economy “remains on a moderate recovery trend,” Kuroda said at a quarterly meeting of BoJ branch managers. “We will make necessary policy adjustments based on economic, price and financial conditions,” he added. Kuroda also said that the year-on-year rate of change in the country’s core consumer price index, which excludes volatile fresh food prices, is expected to be slightly negative or move around 0% for the time being.

 

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