Bank of Japan Governor Kuroda
- Japanese economy is still recovering
- Labour market is tightening, we expect wages to rise further
- That will help us to meet 2% inflation target in a sustainable, stable manner
- But expects inflation to start declining from February to below 2% next year
- That is why BOJ is maintaining more accommodative policy
This fits with the narrative that the central bank has put out earlier this week with their latest policy decision. On the headline, he is referring to the tweak in the yield curve control policy - defending the move as being one to address market functionality instead.
