DAVOS, SWITZERLAND: Bank of Japan Governor Haruhiko Kuroda said on Friday the country’s economy is likely to head toward a sustainable growth path as global trade and manufacturing activity pick up.
But he added that Japan has yet to address key challenges, which were to heighten inflation expectations and prod firms to raise wages.
“Japan’s economy has shown clear signs of recovery in exports and industrial production,” Kuroda told a session of the World Economic Forum. “Our top priority for macro-economic policy continues to be to overcome deflation.”
BOJ’s Kuroda offers upbeat view on Japan, global economies
BOJ’s Kuroda offers upbeat view on Japan, global economies
