Quote from the Yomiuri newspaper (interview with BOJ Governor Kuroda) and reported on the wires (source, Bloomberg).
The Yomiuri Shimbun is one of the five national newspapers in Japan & part of the Yomiuri Group, Japan’s largest media conglomerate.
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Happy New Year Mr. K. Now, please shut up so we can enjoy the holiday
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Added: Thanks to the truly excellent folks at Bloomberg we have the details of the Yomiuri newspaper interview. The Yomiuri English language website is not updating today; ordinarily it would, even on a Japanese holiday, but Yomiuri is moving its operations into a new buliding today! But, that hasn’t stopped the Bloomberg reporters. Kudos indeed.
- BOJ Governor Haruhiko Kuroda said the central bank won’t necessarily end or scale back its stimulus program in 2 yrs, and will continue it until inflation stabilizes at 2%
- Kuroda said achieving 2% inflation in 2 yrs is the BOJ’s goal
- Says that while economic growth rate will probably drop in the April-June quarter (the consumption tax rate will be raised to 8% from 5% in April), it will improve after that
- Kuroda said he isn’t very worried about the impact of the tax increase
