BOJ's Nakagawa says 2% price goal isn't sole purpose of BOJ policy: Report

26/11/2021 5:54:00 AM

BOJ's Nakagawa says 2% price goal isn't sole purpose of BOJ policy: Report

BOJ's Nakagawa says 2% price goal isn't sole purpose of BOJ policy: Report

TOKYO: Achieving 2 per cent inflation is not the sole purpose of the Bank of Japan\u0027s monetary policy as price moves could fluctuate around that level from time to time, its board member Junko Nakagawa was quoted as saying in an interview with Bloomberg. While consumer inflation is hovering around zero, upw

TOKYO: Achieving 2 per cent inflation is not the sole purpose of the Bank of Japan's monetary policy as price moves could fluctuate around that level from time to time, its board member Junko Nakagawa was quoted as saying in an interview with Bloomberg.

While consumer inflation is hovering around zero, upward pressure is building partly due to the effect of rising oil and food costs, Nakagawa was quoted as saying.The BOJ, however, will maintain its ultra-loose monetary policy to achieve its 2per cent price goal, she added, according to the interview conducted on Wednesday and published on Friday.

Read more: CNA »

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