BOJ’s Kuroda Sees Inflation Remaining Short of 2 Percent Target

BOJ’s Kuroda Sees Inflation Remaining Short of 2 Percent Target
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, on June 20, 2019. Kim Kyung-Hoon/Reuters
Reuters
Updated:

TOKYO—Japan is unlikely to see inflation hitting a central bank target of 2 percent, even accounting for rising energy costs, Bank of Japan Governor Haruhiko Kuroda said on Thursday, making the case for keeping monetary policy ultra-easy.

His remark highlights the widening divergence between the BOJ’s dovish stance and the U.S. Federal Reserve, which raised interest rates on Wednesday for the first time since 2018 and laid out plans to keep hiking borrowing costs.