BOJ Governor Kuroda: In times like now, central banks must conduct monetary policy without any preset idea

“In times like now when uncertainty is high, central banks must conduct monetary policy by examining various data broadly without any preset idea,” said Bank of Japan (BOJ) Governor Haruhiko Kuroda during early Friday in Asia.

Also read: BOJ’s Kuroda: The central bank must continue monetary easing to achieve its price target

Additional quotes

Japan’s economy continues to pick up as a trend.

BOJ must continue to support economy’s recovery from pandemic with powerful monetary easing.

Expected rise in inflation is driven mostly by energy costs, lacking sustainability.

We aren’t seeing signs of sharp rise in medium-, long-term inflation expectations in Japan.

We will seek to achieve 2% inflation sustainably, stably by creaing cycle in which rising wages push up households’ real income.

Covid pandemic continues to exert downward pressure on economy.

Recent rise in commodity prices is hurting economy by reducing real income.

Japan’s inflation situation is completely different from that of US, Europe.

Uncertainty regarding economic outlook heightening sharply.