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Inflation

BOJ's Kuroda apologizes for saying households accept price rises

Japan central bank governor says escalating costs represent a hard choice

Japan's central bank chief Haruhiko Kuroda apologized on June 7 for a remark a day earlier that households were becoming more accepting of price rises.

TOKYO -- Bank of Japan Gov. Haruhiko Kuroda on Tuesday apologized for saying that households are becoming more accepting of price rises, during a lecture held on Monday.

"I apologize for any misinterpretation of the wording," he told reporters on Tuesday after a joint meeting in Tokyo of the Council on Economic and Fiscal Policy and the Council of New Form of Capitalism Realization.

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