Bank of Japan likely to stay the course for stimulus programme

Tokyo

BANK of Japan (BOJ) governor Haruhiko Kuroda said he has no plans to take a fresh look into why the central bank has failed to meet its inflation target, suggesting that no major changes will be made to its massive stimulus programme for the time being.

Mr Kuroda, reappointed by the government for another five-year term when his current one ends in April, has been under fire by some law-makers for failing to achieve his 2 per cent inflation target despite years of heavy money printing.