BOJ chief vows to maintain easing, watch impact of global tightening


The Bank of Japan will maintain an ultralow rate policy amid heightened uncertainty over the global economy caused by policy tightening in other economies, while keeping close tabs on the financial market impact of rate hikes overseas, Governor Haruhiko Kuroda said Monday. In a speech to business leaders in the central Japan city of Nagoya, Kuroda stuck to the view that a recent pickup in inflation, driven mainly by higher commodity prices and a weaker yen, will not be sustained, even as the nation has seen a broadening of price hikes by companies. The central bank has said its 2 percent infla...

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