BoJ’s Kuroda: Will seek to achieve 2% inflation in a stable, sustainable manner

Market news

6 February 2023

BoJ’s Kuroda: Will seek to achieve 2% inflation in a stable, sustainable manner

Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Monday that the central bank will seek to achieve 2% inflation in a stable, sustainable manner while keeping an eye out on side effects.

More comments

Japan has yet to achieve situation where inflation stably, sustainably achieve 2% target accompanied by wage growth.

There was no other monetary policy means boj could have taken to achieve 2% inflation in stable, sustained fashion.

Market reaction

USD/JPY is paring back gains to now trade at 131.85, adding 0.52% on the day.

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