TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank will maintain its ultra-loose monetary policy to underpin an economy under pressure from rising import costs.
“Recent rising inflation, driven by higher import costs, weighs on Japan’s economy by reducing households’ real income and corporate profits,” Kuroda said in a speech to an annual meeting of trust banks.
(Reporting by Leika Kihara; Editing by Tom Hogue)
