TOKYO -- The Bank of Japan chief on Tuesday reiterated the central bank's commitment to maintaining ultraloose monetary policy, even as other central banks begin backing away from monetary stimulus in the face of rising commodity inflation.
"We will keep our monetary policy loose until after consumer inflation stably exceeds 2%," Gov. Haruhiko Kuroda said at a news conference following the bank's two-day policy board meeting, in which it decided to maintain its easy-money stance. "We are not thinking about changing our easy monetary policy or having any such discussion," Kuroda said.
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