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26 Apr 2013
Kuroda: BoJ to continue easing until 2% inflation target reached
FXstreet.com (Barcelona) - Following the Bank of Japan´s decision to leave monetary policy unchanged in April and to increase the monetary base at a pace of JPY 60-70 trillion, the central bank's Governor Haruhiko Kuroda said that none of the board members favored additional monetary easing at the meeting.
Kuroda assured that the central bank would continue easing until the 2% inflation target was attained, which was most likely to happen in the latter half of the three years to March 2016 (in his own opinion in 2015).
The BoJ Governor also commented on the decision to improve the central bank's communication by extending the forecast period for the semiannual Outlook for Economic Activity and Prices, which was released earlier on Friday.
Kuroda assured that the central bank would continue easing until the 2% inflation target was attained, which was most likely to happen in the latter half of the three years to March 2016 (in his own opinion in 2015).
The BoJ Governor also commented on the decision to improve the central bank's communication by extending the forecast period for the semiannual Outlook for Economic Activity and Prices, which was released earlier on Friday.