4.6 C
New York
Wednesday, January 19, 2022

BOJ’s Kuroda says ‘deflationary mindset’ will take time to dispel

BOJ's Kuroda says 'deflationary mindset' will take time to dispel© Reuters. Bank of Japan Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo

SINTRA, Portugal (Reuters) – A ‘deflationary mindset’ that has taken hold in Japan will take time to dispel, the country’s central bank governor Haruhiko Kuroda said on Wednesday.

“The deflationary mindset that has become entrenched amongst people is quite tenacious and it will take time to completely dispel this mindset,” Kuroda told a European Central Bank conference in the Portuguese town of Sintra.

He added, however, that the momentum toward achieving the BOJ’s inflation target of 2 percent was “firmly maintained” provided that “further price rises were to be observed widely”.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,069FansLike
12,893FollowersFollow
754FollowersFollow
- Advertisement -

Latest Articles

Popular Articles