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ECONOMY

BOJ’s Kuroda says monetary easing not mistake

  • September 27, 2021
  • , Jiji Press , 9:33 p.m.
  • English Press

Tokyo, Sept. 27 (Jiji Press)–Bank of Japan Governor Haruhiko Kuroda¬†said Monday that the central bank’s massive monetary easing measures have not been a mistake, pointing to success in lifting the economy and boosting employment.

 

Kuroda reflected on his achievements at a press conference ahead of Tuesday, when he ties the record for longest-serving BOJ governor.

 

On the other hand, he expressed frustration at not being able to achieve the BOJ’s 2 pct inflation target.

 

Kuroda will tie with Hisato Ichimada, the 18th BOJ governor who served for 3,115 days from June 1946 to December 1954, on Tuesday.

 

Referring to the remainder of his tenure through April 2023, Kuroda said that he will keep on doing his best to contribute to sustainable growth of the Japanese economy, adding that he will continue to try to achieve 2 pct inflation.

 

In an online discussion with business leaders in Osaka, western Japan, ahead of the press conference, Kuroda stressed the continued importance of taking measures in response to the COVID-19 pandemic, in light of the spread of the delta variant of the coronavirus.

 

The BOJ “will keep providing strong support for corporate financing” as part of its COVID-19 relief program that was extended through next March, he said.

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