BoJ Governor Haruhiko Kuroday said at upper house confirmation hearing:.
- “Underlying price moves remain weak, so our feeling is that there is some distance to achieving our price target,”
- “It’s unthinkable to end or weaken the degree of monetary easing before our inflation target is met,”
- “We may adjust interest rates in the future depending on price developments”
- “But I don’t have any plan now to raise short-term rates from the current minus 0.1 percent or abandon negative rates,”
- “We will continue to take whatever necessary steps to achieve our price target.”
