TOKYO -- Even after two decades of aggressive monetary easing, Japanese people have not been able to shake off their deflationary mindset, Bank of Japan Gov. Haruhiko Kuroda told Nikkei, pledging to stay the course until inflation stabilizes at 2%.
While central banks in the U.S. and Europe start to consider tightening as fears of excessive inflation creep in, price growth in Japan has remained stubbornly weak and the economy lukewarm.
