(Original title: Japan’s inflation hits a 41-year high Haruhiko Kuroda still does not change his words)
Zhitong Finance APP has learned that Haruhiko Kuroda, Governor of the Bank of Japan, said that the highest inflation level since 1981 will not affect his determination to continue to implement loose monetary policy.
“We want wages to start rising, which can make the 2 percent inflation target achievable in a stable and sustainable way,” Kuroda told a panel discussion in Davos on Friday. For the first time since the data has been publicly commented on. “But we’ll have to wait a while.”
Kuroda’s comments reinforce the Bank of Japan’s pushback this week against market speculation for the most drastic policy change of its 10-year tenure. Even so, the Bank of Japan’s monetary policy could take a new direction after he steps down on April 8, as investors bet that inflationary pressures are likely to remain.
Kuroda Haruhiko said that the current inflation is mainly caused by rising import prices, and inflation may start to cool down from next month. His speech came hours after a government report showed consumer prices excluding fresh food rose 4%, double the Bank of Japan’s 2% inflation target.
