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