Saturday, December 20, 2014   

BOJ vows to reach inflation target
(04-15 18:49)

Japanese central banker Haruhiko Kuroda, governor of the Bank of Japan, met with Prime Minister Shinzo Abe Tuesday and vowed to achieve the 2 percent inflation target set by the central bank in a move to defeat the country's prolonged deflation.
Kuroda said after the meeting with Abe that the central bank will adjust its policy without hesitation if it needs to further ease the country's monetary condition in order to achieve a goal of annual 2 percent rise in consumer prices.
"When needed, we (the bank) will adjust (our policy) without any hesitation," the central banker was quoted as saying, denying that the prime minister has asked him to do so.
As to the progress on achieving the target, Kuroda said that the BOJ is "steadily" on course but still "halfway" to attaining the goal.
The meeting came one year after the BOJ introduced its ultra- loose monetary policy under Kuroda's leadership as one of the main pillars of "Abenomics" to revive the Japanese economy.
However, many concerned that the Japanese economy recovery would be punched after the sales tax hike from 5 to 8 percent on April 1 as the move could refrain consumption. --Xinhua
   
Other Business breaking news:
Govt looks to provide 20k flats this year (12-19 17:21)
German consumer confidence on the rise (12-19 16:58)
BYD recovers partially after plunge (12-19 16:29)
Hang Seng finishes higher (12-19 16:28)
BOC Aviation adds two more Boeing jets to earlier order spree (12-19 14:46)
Nikkei finishes higher (12-19 14:24)
Hang Seng jumps at noon (12-19 13:02)
BoJ strikes more upbeat view on economy, holds off fresh measures (12-19 12:16)
China total GDP revised up 3.4% in 2013: govt (12-19 11:26)
Nikkei up by break (12-19 11:17)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.