BOJ’s Kuroda vows to ease more if yen moves hurt price target
Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank would not hesitate easing monetary policy further if market moves, including a spike in the yen, threatened prospects for achieving its 2 percent inflation target.
Kuroda shrugged off the view that Japan was triggering a currency devaluation war with its ultra-loose monetary policy, saying that its aggressive easing steps were aimed purely at achieving its price goal.
“Like other major advanced nations, the BOJ is conducting monetary policy for the domestic purpose of achieving our inflation target,” a view recognized by the global community, Kuroda told reporters in Sendai, northeastern Japan, ahead of a two-day G7 finance leaders’ gathering that kicks off on Friday. Read more