Bank of Japan Governor Stated About Improvement of Japanese Economy

Forex News

The Bank of Japan Governor Haruhiko Kuroda said that the Japanese economy continues to grow, receiving support from external and domestic demand, but it still takes time to achieve the target inflation rate of 2%.

At the same time, the head of the Bank of Japan also noted that the regulator will continue to implement large-scale monetary stimulus measures aimed at managing the yield curve. Discussion of the issue of the curtailment of these measures will begin as soon as inflation reaches 2%.

In a speech to business leaders in Nagoya, Kuroda also said that the Bank of Japan remembers the risk that a policy of low interest rates can affect the profits of financial institutions.