TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Sunday there was no need to change the central bank’s inflation target or forward guidance, even though the United States and Europe are reviewing their policy frameworks to seek better ways to prop up growth.
“We have no intention to change our inflation targeting policy and forward guidance,” Kuroda said in an online International Banking Seminar of the Group of 30. Kuroda maintained his fairly upbeat view on Japan’s economy, saying it was likely to follow an improving trend though risks were skewed to the downside due to uncertainty regarding the fallout from COVID-19.
StagFlation is no fun.... been there done that, still have the scars.
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