ALSO READBOJ's Kuroda says limits to how deeply rates can go negative BOJ's Kuroda says sees no problem with policy divergence Kuroda says BOJ to keep easy policy, tread different path from Fed, ECB BOJ pushes back inflation target for sixth time, keeps policy steady BOJ sees less to fret about low inflation, policy on hold
"Going forward, with the output gap improving steadily, firms' stance is likely to gradually shift toward raising wages and prices," Kuroda said in a lecture at the University of Zurich. "If further price rises come to be widespread, inflation expectations are likely to rise steadily."
"The Bank will continue to persist with powerful monetary easing to ensure that such positive developments are not cut short," he added.
(Reporting by John Revill; Writing by Balazs Koranyi)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)