Japan does not need more large-scale stimulus to avoid deflation – Kuroda
Below-target inflation still requires ultra-low interest rates and asset purchases
The Japanese economy does not require additional major accommodative measures to avoid deflation, Bank of Japan (BoJ) governor Haruhiko Kuroda said in a speech today (November 5).
“Japan’s economic activity and prices are no longer in a situation where decisively implementing a large-scale policy to overcome deflation was judged as the most appropriate policy conduct, as was the case before,” he said.
After more than two decades of stagnant growth and prices, Kuroda implemented negative
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