TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda stressed he has no intention of changing the bank’s pledge of achieving 2 percent inflation at the earliest date possible within a time frame of roughly two years.
Inflation expectations of households and companies have changed markedly because the BOJ set a deadline for hitting its price target and committed to doing whatever is necessary to achieve it, Kuroda said.
“The underlying trend in inflation has improved steadily,” he said in a speech at a seminar on Friday.
(Reporting by Leika Kihara and Stanley White; Editing by Chang-Ran Kim)
Like this article? Take a second to support us on Patreon!