The comment is likely to keep speculation smoldering of policy adjustments after Gov. Haruhiko Kuroda steps down.
For Toru Fujioka's latest contributions to The Japan Times, see below:
Unlike the U.S. and Europe, Japan’s economy remains smaller than its pre-COVID-19 level and the latest projections suggest it will remain so this year.
Bank of Japan Gov. Haruhiko Kuroda has repeatedly emphasized the need for sustainable inflation before he considers adjusting his easing stance.
Bank of Japan Gov. Haruhiko Kuroda is in no mood to give up on stimulus and his ultraloose monetary policy, according to people familiar with the matter.
Despite a further slide in the yen this week and central banks around the world continuing to surprise with outsized rate hikes, some see the BOJ cementing its outlier status even further.
The complicated fallout of Abe’s audacious growth program, both good and bad, continues to ripple through markets and the economy.
The prime minister has endorsed the Bank of Japan’s unorthodox stance of keeping borrowing costs at rock-bottom levels even as inflation heats up.
The new economic projections will be released together with the bank’s policy decision at the end of the meeting.
While the consensus view is that the central bank will stick with all its main policy settings this week, Kuroda risks accelerating a slide in the yen.
The yen has tumbled almost 15% this year, making it the worst-performing major currency.