BOJ Gov Kuroda says hiking interest rates in Japan now would be the wrong thing to do

Bank of Japan Governor Kuroda speaking from Washington (G7 finance ministers and central bankers have gathered there for a meeting).

• Interest rate rises in the United States and Europe are understandable
• But the economic recovery in Japan has been slower than expected
• Given Japan's economic and price conditions, Increasing interest rates now would be wrong
• The BoJ should continue to support the Japanese economy