BOJ upbeat on economy, Kuroda shrugs off talk of rate hike

Article source
Reuters

Bank of Japan Governor Haruhiko Kuroda offered an upbeat view of the economy but sought to douse market talk the central bank may soon consider raising interest rates, vowing instead to keep policy loose to achieve the BOJ's 2 percent inflation goal.

Kuroda also said he did not see recent yen falls as a problem for Japan's economy, saying that a weak currency helps accelerate inflation by boosting import costs and in so doing raise inflation expectations - a crucial element in the BOJ's plan to beat economic stagnation.

To continue reading this article, click here.