INFLATION TARGETS
Japan’s bank chief vows more economic stimulus
Bank of Japan governor Haruhiko Kuroda says the recent pace of growth in the world’s third-largest economy is probably unsustainable and pledges to continue with very accommodative monetary policy "for some time" because the bank is far from its inflation target. "I think 4% growth is excellent, but we don’t think 4% growth can be sustained. Around 2% growth is likely," Kuroda said in an interview on Bloomberg Television in Jackson Hole, Wyoming. "I think for some time we have to continue this extremely accommodative monetary policy." Kuroda, who joined US Federal Reserve chairwoman Janet Yellen and European Central Bank president Mario Draghi in the US for an annual gathering of monetary policy makers, said he was watching moves by global colleagues but added that Bank of Japan policy has to be aimed at conditions in Japan. "The economic and price situation in the US is much, much better than the situation in Japan," Kuroda said in the interview. He noted that Japanese businesses a...
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