Bank of Japan Governor Haruhiko Kuroda.

(Bloomberg)

[Financial Channel/Comprehensive Report] Bank of Japan (BOJ, Bank of Japan) Governor Haruhiko Kuroda said that Japan’s worst inflation since 1981 still does not affect the central bank’s determination to continue implementing monetary easing policies.

"Bloomberg" reported that Kuroda told a panel discussion at the World Economic Forum (WEF) in Davos on Friday (20th) that the Bank of Japan wants to see wages start to rise, which will enable 2% inflation to rise. The goal is achieved in a steady, sustainable manner, but it will still have to wait for some time.

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Data released on Friday showed that Japan’s core consumer price index (CPI) increased by 4% in December last year, twice the central bank’s target; the core CPI, which excludes volatile food and energy costs, increased by 3%, higher than 2.8 percent in November.

Kuroda said the current inflation, largely driven by rising import prices, is likely to cool from next month.

Although Kuroda has repeatedly emphasized that the continuous loose monetary policy will remain unchanged during the 10-year term, investors predict that after Kuroda resigns on April 8, the Bank of Japan's policy may take a new direction.

Goldman Sachs (Goldman Sachs) chief Japan economist Naohiko Baba said in a report that Goldman Sachs believes that the Bank of Japan will soon need to strike a better balance between maintaining accommodative and the sustainability of bond yield curve control. balance.

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