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Japan on track to hit growth and inflation targets, says BOJ chief

His remarks follow Tokyo's pledge against letting efforts in fiscal consolidation threaten the nascent recovery in confidence and consumption
Thursday, May 14, 2015 - 05:50

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Shoppers at the Ameya Yokocho market in the Ueno district of Tokyo. BOJ governor Haruhiko Kuroda has acknowledged that the dampening effect of last year's national consumption tax hike from 5 per cent to 8 per cent had been "bigger than expected".

Tokyo

ECONOMIC growth in Japan "is turning positive" and downward pressure on prices will be seen to have disappeared from April, the head of the Bank of Japan (BOJ) said in parliament on Wednesday, a day after Tokyo pledged to reinforce its focus on economic growth.

BOJ governor

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