BOJ’s Kuroda: No need for monetary tightening for transitory, unsustainable inflation

Dhwani Mehta FXStreet

More comments are crossing the wires from Bank of Japan Chief Haruhiko Kuroda, as he continues to speak at post-monetary policy decision press conference.

When asked about inflation possibly hitting 2% in April, Kuroda said he “doesn't think such situation would continue over the long term.”

“True that direct impact on households of weak yen isn't necessarily positive.”

“No need for monetary tightening for transitory, unsustainable inflation due to rise in global commodity prices.”

“Monetary easing is needed to support Japan economy halfway through recovery from pandemic.”

“Appropriate to take steps against fuel price hikes.”

“Thinking that weak yen is negative for Japan economy is wrong.”

Read: Forex Today: Dollar steadies amid souring market mood

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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