BOJ’s Kuroda: Japan absolutely not in situation that warrants tightening monetary policy

Bank of Japan (BOJ) Governor Haruhiko Kuroda explicitly dismisses expectations of monetary policy tightening in the coming months.

Key quotes

Japan is absolutely not in situation that warrants tightening monetary policy.

Our biggest priority is to support Japan’s economy by continuing with powerful monetary easing.

Japan does not face trade-off between economic, price stability and so can continue to stimulate demand with monetary policy

Wages and prices must mutually rise in order for Japan’s inflation to stably hit 2%.