BOJ chief Kuroda renews inflation pledge at start of 2nd term
Jiji -- Apr 10
Bank of Japan Governor Haruhiko Kuroda on Monday started his second term by renewing his commitment to the central bank's target of achieving 2 pct inflation.

"I will make every effort to meet the price target early," Kuroda told a press conference after failing to meet the target during his first five-year term.

Kuroda signaled his readiness to ease the central bank's monetary policy further if a consumption tax increase in October 2019 is projected to have a negative impact on the economy.

"An appropriate and timely monetary policy response will be necessary" in such a situation, he said.

Kuroda is the first BOJ chief to be reappointed in about 60 years. He will continue to work on the inflation target, while also tackling the daunting task of devising a strategy for monetary policy normalization by ending the current massive easing campaign.

日銀の黒田東彦総裁は9日再任され、物価上昇率2%の目標実現に全力で取り組むと記者会見で強調した。大規模な金融緩和を5年間続けてきたが、目標は依然として遠く、当面は現行の緩和策を続ける考えだ。今後の任期で課題となる緩和策からの出口戦略については、具体的な説明は「時期尚早だ」として言及を避けた。
News sources: Jiji, Kyodo
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