Market news
15.09.2021, 14:18

BoJ's governor Kuroda: BoJ is committed to achieving 2% inflation target as early as possible

  • Sees ongoing virtuous cycle of corporate profits and investment
  • Virtuous cycle of corporate profits and business fixed investment will continue, despite impact of supply chain disruptions and factory shutdowns in South-East Asia
  • Japan's private consumption has remained stagnant
  • Japan's economy will recover with the impact of COVID-19 waning due to further progress in vaccinations
  • Japan's inflation rate to steadily go up and eventually reach 2%-target, although not before 2023
  • If necessary, BoJ will further relax monetary policy such as by reducing interest rates

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