TOKYO (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank will maintain ultra-loose monetary policy until its 2% inflation target is achieved sustainably and backed by solid wage increases.
“Achieving our price target means having consumer inflation hit 2% on average over the business cycle, not a temporary rise to that level driven by exogenous factors such as increasing energy import costs,” Amamiya said in a speech.
(Reporting by Leika Kihara; editing by Christian Schmollinger)
