The Bank of Japan’s (BOJ) Haruhiko Kuroda said that the central bank can achieve a 2% inflation target by patiently continuing its powerful monetary easing while speaking at its post-monetary policy meeting press conference scheduled on Tuesday.
Additional comments
Will ease monetary policy further without hesitation as needed.
Consumption will be stalling at low levels during a state of emergency curbs.
Cheaper cell phone charges weigh on consumer prices by 0.5% to 1.0%.
Must support the financing of face-to-face service industries.
Could consider extending corporate financing support if severity in funding persists.
Currencies remain stable in narrow range among major economies due to 2% inflation target.
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