Bank of Japan Governor Kuroda speaking:
- BOJ must maintain easy policy to support economy, which is in midst of recovering from pandemic's impact
- BOJ, govt policies complement each other
- Govt, BOJ are in close contact on policy through various direct, and indirect channels
- I do not think our monetary policy decisions, made collectively by the Bank of Japan board, are incorrect
- We are aiming to achieve our price target in a stable manner, accompanied by steady wage hikes
rising imports are main factor in current inflation
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Bank of Japan Governor Kuroda's comments reiterating super-easy policy reported right as USD/JPY falls. Not much sign of co-ordination going on!
