Inflation overshoot should affect adaptive part of expectations, says Kuroda

Bank of Japan governor says there is still a long way to go until the price stability target of 2% is achieved

There is still a long way to go until the price stability target of 2% is achieved, as inflation expectations in the country have continued to be subdued, according to Haruhiko Kuroda, governor of the Bank of Japan (BoJ).

In a speech at the University of Oxford on June 8, Kuroda said Japan is no longer experiencing deflation and the policy approach which Japan is using currently “has steered Japan’s economy in the right direction”, but the “intellectual journey” has not finished. 

“The main

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