Bank of Japan Governor Kuroda says the 2% inflation target has not been achieved stably, sustainably.
Thus the BOJ must continue its monetary easing.
Concedes though that market functioning may be impaired.
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Cracks beginning to show from Kuroda? If you want to read it that way you could I guess.
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More:
- recent sharp, short-term forex moves are undesirable
- premature to debate exit of ultra-easy policy
- important for forex rates to move stably reflecting economic, financial fundamentals
- Japan's economy still in midst of recovering from pandemic's pain, so important to maintain powerful monetary easing
BOJ’s median board forecast shows inflation won't stably reach target in fiscal 2023
BOJ's median board forecast for core-core consumer inflation shows inflation will steadily accelerate through 2024
it will take some more time, but convinced Japan can achieve BOJ’s price target
