May 15, 2015 / 4:24 AM / 2 years ago

BOJ Kuroda - Time frame for hitting price goal boosting QQE effect

Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks during a news conference at the BOJ headquarters in Tokyo April 30, 2015. REUTERS/Yuya Shino

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda stressed he has no intention of changing the bank’s pledge of achieving 2 percent inflation at the earliest date possible within a time frame of roughly two years.

Inflation expectations of households and companies have changed markedly because the BOJ set a deadline for hitting its price target and committed to doing whatever is necessary to achieve it, Kuroda said.

“The underlying trend in inflation has improved steadily,” he said in a speech at a seminar on Friday.

Reporting by Leika Kihara and Stanley White; Editing by Chang-Ran Kim

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