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The Bank of Japan is aiming for a moderate inflation growth buoyed by increases in corporate earnings and wages.
Addressing the parliament, BOJ Governor Haruhiko Kuroda said Tuesday the central bank will not be contented just because consumer inflation reaches the 2% goal. He added they seek an upbeat economic cycle to attain a steady inflation surge.
Kuroda added wages have not climbed as much as aspired for amid a tightening labor market.
Previously, the BOJ head reiterated their resolve to keep its huge monetary stimulus until such a time that inflation is steady above the target.
