News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

BOJ Won't Raise Rates Until Inflation Reaches 2%, Gov Kuroda Says

01/18/2022 | 02:54am EDT

By Megumi Fujikawa

Bank of Japan Gov. Haruhiko Kuroda said Tuesday that the bank hasn't discussed the possibility of rate increases despite global inflationary pressures.

"We are not in a situation which we can discuss normalization or exiting" monetary easing, Mr. Kuroda said at a news conference. The bank is committed to maintaining easy policy until inflation reaches stably above 2%, he added.

Earlier Tuesday, the bank raised its price forecast slightly in its quarterly outlook report. It now expects inflation of 1.1% in the year ending March 2023 and in the following year, up from previous projections for 0.9% and 1.0%, respectively.

Mr. Kuroda said recent price increases are based on temporary factors such as higher energy costs, but inflation is expected to move toward the bank's 2% target eventually in a more sustainable manner with improvements in demand.

Write to Megumi Fujikawa at

(END) Dow Jones Newswires

01-18-22 0254ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) 0.63% 90.864 Delayed Quote.7.67%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.63% 160.871 Delayed Quote.2.55%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.36% 100.135 Delayed Quote.9.33%
EURO / JAPANESE YEN (EUR/JPY) 1.13% 136.683 Delayed Quote.3.09%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) 0.31% 1.648995 Delayed Quote.6.30%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) 0.75% 82.723 Delayed Quote.4.07%
ON SEMICONDUCTOR CORPORATION -1.01% 55.89 Delayed Quote.-16.87%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.00% 127.891 Delayed Quote.11.11%
Latest news "Economy & Forex"
05:14pWHO OFFICIAL : no immediate need for mass monkeypox vaccinations
05:08pU.S. health officials releasing some Jynneos vaccine doses for monkeypox -CDC
05:07pSouth Korean inflation expectations at near decade high - survey
05:07pExclusive - Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources
05:05pZoom video communications cfo - russia-ukraine war has broadly i…
04:57p'Call of Duty' workers at Activision Blizzard vote to form union
04:52pUK finance minister Sunak orders plan for windfall tax on electricity generators - FT
04:52pSupply-chain, labor snags delay CFM jet engines -sources
04:50pCalifornia governor vows water use limits unless residents conserve
04:41pHOCK TAN : Chipmaker Broadcom in talks to acquire VMware for $60 billion -sources
Latest news "Economy & Forex"