G-20 nations understand BoJ’s ongoing easing

Outgoing head: Kuroda speaking after a meeting of G-7 leaders in Bengaluru. His tenure as BoJ governor is set to end in April. — Reuters

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda says Group of 20 (G-20) nations understand Japan’s stance to keep up its monetary easing to achieve stable, sustainable inflation while others seek to tackle sticky price gains.

Japan’s price growth, currently well above the BoJ’s 2% target, is mainly driven by imports and is expected to fall below the target in the fiscal year starting in April, which is why the central bank will need to maintain its monetary easing, Kuroda said on Saturday.