Osaka – Bank of Japan Gov. Haruhiko Kuroda vowed Monday the central bank will remain strongly committed to overcoming deflation, admitting that it will take more time for firms and households to adapt to inflationary changes.
It is “true that the pace of increase in fixed investments and wages is lackluster in the light of record profits,” Kuroda said in a speech in Osaka, explaining that protracted deflation is likely the cause for the slow improvement in the economy.
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