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BOJ Kuroda: To adjust policy as needed to hit 2% price goal

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Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank will adjust monetary policy as needed to achieve its 2 per cent inflation target with an eye on economic, price and financial developments. "Japan's economy is expected to expand moderately as a trend," Mr Kuroda said in a speech at the central bank's quarterly meeting of its regional branch managers.

[TOKYO] Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank will adjust monetary policy as needed to achieve its 2 per cent inflation target with an eye on economic, price and financial developments.

"Japan's economy is expected to expand moderately as a trend," Mr Kuroda said in a speech at the central bank's quarterly meeting of its regional branch managers.

The BOJ last month switched its policy to target interest rates and away from expanding the monetary base - or the pace of money printing - after years of massive asset purchases failed to jolt the economy out of decades-long stagnation.

REUTERS