BoJ’s Kuroda vows easy policy

Taking a hit: A wholesaler stands in front of lined up frozen tuna at a fish market in Tokyo. Kishida blames the recent rising prices in Japan on global commodity inflation. — AFP

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda yesterday vowed to keep monetary policy ultra-loose and said the central bank was mindful of the risk inflation could shoot up before wages begin to rise.

Prime Minister Fumio Kishida blamed recent rising prices in Japan on global commodity inflation, stressing the need to boost wages and household income to achieve solid economic growth.