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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!