BOJ’s Kuroda warns inflation expectations may not rise smoothly

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Thursday warned of risks that could delay achievement of the central bank’s price target, such as the chance inflation expectations may not heighten as smoothly as projected.

“If there is strong uncertainty about future growth, firms will hesitate to raise wages,” Kuroda said in a speech. “Even if firms’ wage- and price-setting stance becomes more proactive, inflation expectations may not rise smoothly.”

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