Bank of Japan Governor Haruhiko Kuroda (pictured) stated Monday that despite the yield band has widened, the bank will continue with easy monetary policy.
"The Bank will aim to achieve the price stability target in a sustainable and stable manner, accompanied by wage increases, by continuing with monetary easing under the framework of yield curve control," Kuroda said in his latest speech at the Meeting of Councillors of Keidanren (Japan Business Federation) in Tokyo.
In addition, he commented that labor market conditions in Japan are projected to tighten further and that companies' pricing and wage-setting performance are expected to change. "In this sense, we are approaching a critical juncture in breaking out of the prolonged period of low inflation and low growth since the collapse of the bubble economy."
