TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday the country’s consumer inflation may approach 2% through various channels, reflecting recent increases in raw material costs.
But he said the central bank would maintain its ultra-loose monetary policy to ensure any rise in prices would be accompanied by higher wages and a recovery in the economy.
“I don’t think Japan’s economy is in a state of stagflation,” Kuroda told parliament.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
