BOJ/Kuroda: Ultra-loose monetary policy should continue

Bank of Japan Governor Haruhiko Kuroda said the Bank should continue its ultra-loose monetary policy to support the economy. Bank of Japan Governor Haruhiko Kuroda said the Bank should continue its ultra-loose monetary policy to support the economy, which is still recovering from the effects of the COVID-19 pandemic. "We are in close contact with the government through direct and indirect channels on economic policy," Kuroda said. Explaining that the main factor in the recent rise in inflation is import prices, Kuroda also emphasized that they want to achieve the 2 percent price stability target together with wage increases.