· Haruhiko Kuroda Wiki · Bank of Japan WikiThe Bank's semiannual report on currency and monetary control
Read full speech on bis.org ↗ContextStatement before the House of Representatives' financial affairs committee on the bank's semiannual report; the Bank of Japan pursues price stability and must explain its policy to parliament.
Why it mattersKuroda tells parliament easing continues.
Problems raised
- Japan's recovery is incomplete.
- Inflation expectations are low.
- Output gap is negative.
Solutions proposed
- Continue monetary easing.
- Improve the output gap.
- Report to the Diet.