BOJ Kuroda vows easy policy, warns of economic hit from rising import costs

2022.04.13 09:56

FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank will maintain its ultra-loose monetary policy to underpin an economy under pressure from rising import costs.

“Recent rising inflation, driven by higher import costs, weighs on Japan’s economy by reducing households’ real income and corporate profits,” Kuroda said in a speech to an annual meeting of trust banks.

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