BOJ's Kuroda: Monetary police should remain accommodative until Japan hits 2 percent inflation

Omkar Godbole FXStreet Contributor

Monetary policy should remain accommodative until Japan hits 2 percent inflation, the Bank of Japan (BOJ) governor Haruhiko Kuroda told CNBC this weekend.

Key quotes (Source: CNBC)

"In order to reach 2 percent inflation target, I think the Bank of Japan must continue very strong accommodative monetary policy for some time, it's necessary"

"The real economy is doing "quite well" as prices steadily rise"

"If you exclude energy items, then inflation rate is only about 0.5 percent, so, there is still a long way to go to achieve the 2 percent inflation target"

"The inflation target could be achieved in fiscal 2019 even though "risks are skewed to the downside, but we are confident"

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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