Incoming Bank of Japan chief says current low rates appropriate

TOKYO¬† -Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday it was appropriate to maintain ultra-loose monetary policy as inflation has yet to sustainably and steadily meet the central bank’s 2-percent target. Ueda said the recent rise in consumer inflation was driven mostly by surging import costs of raw material, rather than strong … Continue reading Incoming Bank of Japan chief says current low rates appropriate