New Bank of Japan Gov. Haruhiko Kuroda reiterated his determination to end Japan's decades-long deflation after officially being named to the position Thursday by Prime Minister Shinzo Abe.

"I was told to do all I can and bring the Japanese economy out of deflation," Kuroda told reporters after meeting with Abe. "I replied that I will do everything I can together with my two deputy governors" to meet that goal, he added.

During his inaugural news conference later in the day, Kuroda expressed optimism about achieving the 2 percent inflation target in two years.