BOJ Kuroda Vows to Keep Easy Policy on Weak Consumption, Inflation

BOJ Kuroda Vows to Keep Easy Policy on Weak Consumption, Inflation
Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, on Jan. 21, 2020. Kim Kyung-Hoon/Reuters
Reuters
Updated:

TOKYO—Bank of Japan Governor Haruhiko Kuroda on Thursday stressed the bank’s readiness to maintain massive stimulus, as the fallout from the pandemic weighs on consumption and keeps inflation distant from its 2 percent target.

Kuroda said the world’s third-largest economy is expected to show clearer signs of recovery as robust corporate profits and capital expenditure offset some of the weakness in consumption.