Monday, October 21, 2013
DJ: Kuroda Says Japan Economy On Track To Achieve 2% Inflation
TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Monday that the central bank is "on track" to hit its inflation target, reaffirming his confidence in the country's economic outlook.
The central bank's aggressive easing program launched in April is "clearly having its desired effects, and the Japanese economy is steadily moving toward achieving the price stability target" set by the BOJ of 2% inflation, Mr. Kuroda said at the opening of a quarterly meeting of managers from the BOJ's domestic branches and U.S. and European offices.
Mr. Kuroda also repeated the central bank's stance that it will stick to the easing program until it becomes clear that 2% inflation has firmly taken hold.
The central bank will release its latest assessment of Japan's regional economies later in the day, summarizing the views of the branch managers.