By Megumi Fujikawa
WASHINGTON (Dow Jones) — The new Bank of Japan (BoJ) Governor Kazuo Ueda said at the G20 meeting in Washington that the central bank is loosening its stance monetary policy maintained as inflation is expected to moderate soon.
Japanese consumer inflation, which hovered around 3 percent in February, is expected to fall below the BoJ’s 2 percent target in the second half of the fiscal year that started in April, Ueda said at a news conference at the G20 finance ministers and central bank governors meeting.
“I have stated that we will maintain the current monetary easing to achieve sustainable and stable inflation at 2 percent,” he said.
Contact the author: [email protected]
DJG/DJN/sha/thl
(END) Dow Jones Newswires
April 14, 2023 00:42 ET (04:42 GMT)