BOJ's Kuroda says 'deflationary mindset' will take time to dispel
Reuters
Published Jun 20, 2018 10:30AM ET
Updated Jun 20, 2018 10:40AM ET
BOJ's Kuroda says 'deflationary mindset' will take time to dispel
SINTRA, Portugal (Reuters) - A 'deflationary mindset' that has taken hold in Japan will take time to dispel, the country's central bank governor Haruhiko Kuroda said on Wednesday.
"The deflationary mindset that has become entrenched amongst people is quite tenacious and it will take time to completely dispel this mindset," Kuroda told a European Central Bank conference in the Portuguese town of Sintra.
He added, however, that the momentum toward achieving the BOJ's inflation target of 2 percent was "firmly maintained" provided that "further price rises were to be observed widely".
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Written By: Reuters
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