March 2, 2012 / 2:42 AM / 5 years ago

BOJ Shirakawa: Japan consumer prices to gradually rise

1 Min Read

TOKYO (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Friday he expects consumer prices to gradually rise in the coming years as the economy recovers with support from a pickup in global demand.

"We will continue with monetary easing until consumer inflation of 1 percent is in sight," Shirakawa told a parliamentary committee, adding that price rises driven by temporary factors such as a spike in crude oil costs alone will not trigger a reversal of the current stance on an easy monetary policy.

He also stressed that while monetary policy eventually determines the long-term trend for prices, boosting central bank fund supply alone would not immediately push up prices.

Reporting by Leika Kihara; Editing by Michael Watson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below