© Reuters. Governor of the Bank of Japan (BOJ) Haruhiko Kuroda, speaking during an interview with Reuters in Washington, USA, October 19, 2019. REUTERS / Carlos Jasso / Files
TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday that core consumer inflation in the country is likely to remain around the central bank’s 2% target in the next 12 months unless energy prices fall sharply.
But he told parliament that prices are unlikely to rise “sustainably and stably” unless accompanied by wage increases, suggesting that only a recent rise in inflation would not lead to an immediate withdrawal of monetary stimulus.