BoJ Governor Haruhiko Kuroda said over the weekend, “somewhat miraculously, now we have 2.4% inflation. But almost wholly caused by the international commodity price hike, energy and food.”
“So we expect that by the end of this year, maybe inflation rate may approach 2 or 3%, but next year, inflation rate again decelerate toward 1.5%,” he said.
“We have no choice other than continued monetary easing until wages and prices rise in a stable and sustainable manner.”
