Japan’s inflation may exceed 1% but stay below BOJ goal, says central bank official -Breaking
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© Reuters. FILE PHOTO A man in a mask walks by the Bank of Japan headquarters during the COVID-19 outbreak that erupted in Tokyo, Japan on May 22, 2020. REUTERS/Kim Kyung HoonTOKYO, Reuters – Japan’s consumer inflation may surpass 1% but still far below the central bank’s 2% goal, a Bank of Japan senior official stated on Friday.
Shinichi Umachida, BOJ Executive Director, said that Japan has not yet recovered from the effects of the coronavirus pandemic. “We aren’t in a place where we can adjust our current easy-money policy.”
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