Economy
Kuroda defends BOJ’s current stimulus as best way to hit inflation target
FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda, speaks during an interview with Reuters in Washington, U.S. October 19, 2019. REUTERS/Carlos Jasso/File Photo
TOKYO (Reuters) — Bank of Japan Governor Haruhiko Kuroda on Monday defended his decade-long stimulus programme, saying there was «no better way» to aim at sustainably achieving its 2% inflation target.
«With our monetary easing steps, we sought to stimulate economic activity and tighten the labour market so that prices and wages would rise more,» Kuroda told paraliament.
«This was a necessary approach and one that is shared by other central banks,» he said.
