Bank of Japan's Kuroda says inflation likely to gradually accelerate
[TOKYO] Bank of Japan Governor Haruhiko Kuroda said on Wednesday that consumer inflation was expected to gradually accelerate on rising energy costs and an expected increase in demand driven by a moderate economic recovery.
"Japan's economy is picking up as a trend, although it remains in a severe state due to the impact of the coronavirus pandemic," Kuroda said in a speech to a quarterly meeting of the central bank's regional branch managers.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Thailand to appoint former energy executive Pichai as finance minister, sources say