BoJ’s Kuroda renews powerful easing pledge in wake of hawkish Fed signal

BOJ Kuroda

TOKYO: The Bank of Japan (BoJ) must maintain ultra-loose monetary policy as recent cost-push inflation could hurt the economy, says governor Haruhiko Kuroda(pic), highlighting the widening gap with the US Federal Reserve’s (Fed) aggressive tightening plan.

Kuroda said consumer inflation is expected to accelerate as some firms pass on rising energy and food costs to households.