Japan probably can't maintain growth rate: Bank of Japan chief

Says the recent pace of growth in the world's third-largest economy is probably unsustainable

Bank of Japan (BoJ) Governor Haruhiko Kuroda said the recent pace of growth in the world’s third-largest economy is probably unsustainable and pledged to continue with very accommodative monetary policy “for some time” because the BoJ is far from its inflation target.
 

“I think 4 per cent growth is excellent but we don’t think 4 per cent growth can be sustained. Around 2 per cent growth is likely,” Kuroda said in an interview on Bloomberg Television in Jackson Hole, Wyoming. “I think for some time we have to continue this extremely accommodative monetary policy.”
 

The BoJ chief, who joined Federal