“It is appropriate to continue monetary easing,” said Bank of Japan Governor (BOJ) Haruhiko Kuroda said on Friday, as reported by Reuters.
The policymaker also mentioned that he expects Consumer Price Index (CPI) to fall short of 2% in fiscal 2023.
Together with BOJ’s Kuroda, Japan Prime Minister (PM) Fumio Kishida also spoke while highlighting the BOJ’s role as he said, “Specific monetary policy up to BOJ to decide.”
Japan PM Kishida also mentioned, per Reuters, that he expects BOJ to strive to achieve price target stably and sustainably.
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Additional comments from Japan’s Kishida
Will consider successor to BOJ Governor Kuroda, taking into account monetary policy foreseeability, coordination with government.
Must decide most appropriate person to succeed to Kuroda as of April next year.