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Expected acceleration in inflation could hurt economy -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Financial institution of Japan Governor Haruhiko Kuroda speaks at a information convention in Tokyo, Japan, December 19, 2019. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – An anticipated acceleration of inflation might harm Japan’s financial system by weighing on family earnings and company revenue, Financial institution of Japan Governor Haruhiko Kuroda stated on Tuesday.

“We are going to patiently preserve highly effective financial easing to help an financial system nonetheless within the midst of recovering from the COVID-19 pandemic’s impression,” he advised parliament in a semi-annual testimony.

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