Japan Economy to Continue Expanding Moderately: BOJ Kuroda

July 9, 2018

Tokyo- Bank of Japan Governor Haruhiko Kuroda said Monday that the country's economy is expected to keep expanding at a moderate pace.

"The economy is expanding moderately as a virtuous cycle from income to spending is working," he told a meeting of heads of the BOJ's local branches, held at the central bank's head office in Tokyo.

Showing his view that inflation will accelerate toward 2 pct, as targeted by the BOJ, Kuroda signaled the bank's readiness to continue its current ultraeasy monetary policy in order to achieve the price stability goal.

The branch managers' meeting comes at a time when concerns are growing over an escalation in U.S.-China trade friction and its impacts on the Japanese economy.

With a view to maintaining the inflation momentum, the BOJ will make policy adjustments as appropriate, taking into account developments in economic activities and prices, and financial conditions, Kuroda also said. Jiji Press