BoJ's Kuroda: Easing plan to be continued until 2% inflation target reached

FXStreet (Łódź) - Speaking in Tokyo on Thursday BoJ governor Haruhiko Kuroda reiterated that the negative impact of the April sales hike tax on demand was seen diminishing gradually and that the Japanese economic recovery remained on track.

The central bank's monetary policy easing is having the intended effects and it will be continued, with necessary adjustments introduced, until the 2% inflation is stable, Kuroda assured. That will most probably happen around the middle of the projection period.

The BoJ head added however that exports and production continued lagging behind.