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Economic news

BOJ’s Kuroda repeats vow to continue ultra-easy policy

06/13/2022

Less than a minute

2022.06.13 09:00

BOJ's Kuroda repeats vow to continue ultra-easy policy
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/File Photo

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank must maintain ultra-loose monetary policy to reflate the economy and achieve higher wages.

Kuroda, however, told parliament that Japan was not experiencing stagflation, where high inflation and economic stagnation co-exist, and was not facing the risk of sliding back into that state.

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06/13/2022

Less than a minute