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BOJ’s Kuroda says inflation may approach 2% through ‘various channels’ -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A protective mask-wearing man walks past Bank of Japan’s headquarters amid the COVID-19 (coronavirus disease) epidemic in Tokyo. This was May 22, 2020. REUTERS/Kim Kyung Hoon

TOKYO (Reuters), Haruhikokuroda, Bank of Japan Governor said that the consumer inflation rate in Japan may rise to 2% by various means. The increase is due to increases in raw materials costs.

He said that the central bank will maintain an ultra-loose policy on monetary policy in order to make sure any price rises are accompanied by an increase in wages and an economic recovery.

Kuroda stated that he didn’t believe Japan’s economy was in an economic slump.

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