Vowing to institute effective monetary easing steps should he be installed as the next Bank of Japan governor, Haruhiko Kuroda, the government's nominee, insisted Monday that the central bank's 2 percent inflation target can be achieved through monetary policy.
"I believe it is possible to attain the 2 percent price stability target with monetary policy," the Asian Development Bank president said in a confirmation hearing at the House of Councilors.
Kuroda added that the government's flexible fiscal spending, along with the realization of its medium- to long-term growth strategy, would help the bank accomplish the mission.