BOJ’s Kuroda: No need for monetary tightening for transitory, unsustainable inflation

More comments are crossing the wires from Bank of Japan Chief Haruhiko Kuroda, as he continues to speak at post-monetary policy decision press conference.

When asked about inflation possibly hitting 2% in April, Kuroda said he “doesn't think such situation would continue over the long term.”

“True that direct impact on households of weak yen isn't necessarily positive.”

“No need for monetary tightening for transitory, unsustainable inflation due to rise in global commodity prices.”

“Monetary easing is needed to support Japan economy halfway through recovery from pandemic.”

“Appropriate to take steps against fuel price hikes.”

“Thinking that weak yen is negative for Japan economy is wrong.”

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