Article source
Reuters
Article date
Mon, Dec 19, 2016
Bank of Japan Governor Haruhiko Kuroda offered an upbeat view of the economy but sought to douse market talk the central bank may soon consider raising interest rates, vowing instead to keep policy loose to achieve the BOJ's 2 percent inflation goal.
Kuroda also said he did not see recent yen falls as a problem for Japan's economy, saying that a weak currency helps accelerate inflation by boosting import costs and in so doing raise inflation expectations - a crucial element in the BOJ's plan to beat economic stagnation.