Economy

BOJ’s Kuroda repeats vow to continue ultra-easy policy


FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) — Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank must maintain ultra-loose monetary policy to reflate the economy and achieve higher wages.

Kuroda, however, told parliament that Japan was not experiencing stagflation, where high inflation and economic stagnation co-exist, and was not facing the risk of sliding back into that state.

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