No Change to BOJ Resolve to Achieve 2 Pct Inflation: Kuroda

Politics

Tokyo, Sept. 19 (Jiji Press)--Bank of Japan Governor Haruhiko Kuroda said Wednesday that no change has been made to the central bank's resolve to attain its 2 pct inflation target at an early date.

Kuroda's comments, made at a press conference following the BOJ's two-day monetary policy meeting, were apparently designed to prevent speculation that the bank may try to normalize its policy despite low inflation.

The remarks came after Prime Minister Shinzo Abe last week expressed a wish to pave the way for an exit from the current ultraeasy monetary policy if he wins another three-year term as Liberal Democratic Party head in Thursday's election.

"We'll continue our monetary easing measures to realize 2 pct inflation at an early date," Kuroda said.

Kuroda also said he sees no need to review the 2013 joint statement by the BOJ and the Japanese government on cooperation to get the country out of deflation.

[Copyright The Jiji Press, Ltd.]

Jiji Press