Kuroda: If necessary, BOJ will further relax monetary policy such as by reducing interest rates
· Sees ongoing virtuous cycle of corporate profits and investment
· Virtuous cycle of corporate profits and business fixed investment will continue despite
· Virtuous cycle is operating particularly in manufacturing on the back of firm recovery overseas
· impact of supply chain disruptions an factory shutdowns in South-East Asia
· BOJ is committed to achieving 2% inflation target as early as possible
· If necessary, BOJ will further relax monetary policy such as by reducing interest rates
· Japan's private consumption has remained stagnant
· Expects steady rise in inflation to 2%, though not before 2023
· Economy will recover with impact of covid waning due to vaccinations
BOJ's Kuroda: Japan inflation to reach 2% goal, but not before 2023
Bank of Japan Governor Haruhiko Kuroda told an online seminar on Wednesday that he expected Japan’s inflation rate to rise steadily although it would not hit the central bank’s 2% target before 2023.
BOJ's Kuroda says to include green bonds in corporate bond buying program
BOJ's Kuroda upbeat on Japan Inc despite supply disruptions
Bank of Japan Governor Haruhiko Kuroda said on Wednesday robust profits will help companies ramp up capital expenditure despite the hit to output from supply chain disruptions caused by factory shutdowns in Southeast Asia.
Reference: Forex Live, Reuters