• Kyodo


Bank of Japan Gov. Haruhiko Kuroda said Saturday at a forum in Portugal that Japan is overcoming the deflation that has plagued its economy for nearly two decades, according to the text of his speech released Sunday by the central bank.

Referring to “positive signs” like inflation expectations and base pay hikes this spring, Kuroda told the ECB Forum in Sintra that the BOJ’s plan to stoke 2 percent inflation was on track.

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