Japan: Kuroda (BoJ) says he is ready to make the “necessary” to push inflation – La Stampa

Japan Kuroda (BoJ) says he is ready to make the “necessary” to push inflation

          

Haruhiko Kuroda, Governor of the Bank of Japan (BoJ ), he said he was ready to do “what is necessary” to push inflation, repeating for the umpteenth time that there are no limits to monetary policies. The statements came, however, in the usual press conference following the central institute decisions on interest rates: the BoJ has confirmed rates at 0.10% negative surprise after being introduced, with an unprecedented move in Sol Levante, the meeting in late January and the maintenance of the plan to expand the monetary base, led to 80,000 billion yen a year (651 billion euro at current exchange rates) in October 2014. the institute is limited to introducing aid for the areas of the country most affected by earthquakes in the island of Kyushu this month. Immobilism that drove the rally in the yen to eight-month highs against the dollar and sent to the bottom of the Tokyo Stock Exchange (the Nikkei 225 lost 3.61%). Kuroda has put the emphasis on inflation, confirming the target of 2% within two years (targets that were still in the course of time postponed several times), after in March, consumer prices have declined on an annual basis of 0, 1% against the increase of 0.3% in February and against economists’ expectations for a flat reading. The data core, ie excluding fresh food, after two months of flat reading recorded a decline of 0.3% in March against the decline of 0.2% consensus.

(RR)