Fukui pledges to maintain current monetary policy

Bank of Japan governor Toshihiko Fukui reaffirmed to parliament on Tuesday 13 April his commitment to maintain the current super-easy monetary policy framework, until the prolonged deflation comes to an end.

In a prepared statement to the Diet, the BoJ governor said while the Bank of Japan commits itself not to terminate the present monetary policy guidance before the year-on-year change in the core CPI starts to move stably above zero, "even if" such key criteria are met, "we may judge it app