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Haruhiko Kuroda, Bank of Japan Governor told that he’s assured that inflation is going to considerably accelerate with huge monetary stimulus as well as fiscal support, as CNBC informed on Friday.
Evidently, the mindset of the Japanese public is still cautious enough as for inflation expectations. Nevertheless, Kuroda doesn’t doubt that with ongoing accommodative monetary policy underpinned by fiscal policy, the Japanese authorities would eventually be capable of lifting prices considerably. That’s what Kuroda disclosed in his interview on Friday.
Aside from that, Kuroda told that Japan's economy has demonstrated a strong revival trend for the last two quarters that will help to narrow the output gap. It will also tighten the labor market and also spur inflation to 2%.
Kuroda’s currently in Yokohama, eastern Japan, planning to meet financial leaders gathering specially for the Asian Development Bank's annual gatherings.
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