BOJ Guv says inflation may approach 2% target through 'various channels'

"It's true there's a chance consumer inflation will approach 2% through various channels," Bank of Japan Governor Haruhiko Kuroda told parliament

Bank of Japan Governor Haruhiko Kuroda said on Wednesday consumer inflation may approach its 2% inflation on rising raw material costs, offering his clearest signal to date that upward price pressures will continue to broaden.

But he said the central bank would maintain its ultra-loose monetary policy to ensure any rise in prices would be accompanied by higher wages and a recovery in the economy.
 

"It's true there's a chance consumer inflation will approach 2% through various channels," Kuroda told parliament.
 

"But what's desirable is for the economy to recover steadily and push up corporate profits, thereby leading to higher