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The Bank of Japan (BoJ) Governor Haruhiko Kuroda said at the press conference after the BoJ kept its monetary policy unchanged. He played down almost every concern. Mr. Kuroda said that he does not believe that the weaker yen would be negative for the economy in Japan.
The government and parliament to decide whether Japan should proceed with a sales tax hike to 10% next year, so the BoJ governor. But he added that "it's very important for Japan's fiscal state and for its economy".
Mr. Kuroda pointed out that Japan's inflation has largely moved in line with BoJ's forecasts. The recently released weak economic data was driven by temporary factors, so Kuroda.
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