BOJ's Kuroda: It will be hard for inflation to hit price target of 2% even by 2023
Comments by BOJ governor, Haruhiko Kuroda
- Yield curve control program, negative rates won't be changed in review
That is arguably as close as you'll ever hear Kuroda throwing in the towel on trying to meet the central bank's inflation target. Despite the reflation narrative set to dominate proceedings over the next year or so, don't expect any major changes by the BOJ.