BOJ Kuroda: CPI to stay around 2% over 12 mths but lower in FY2023

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FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo

TOKYO – Japan’s core consumer inflation will likely stay around 2% through this fiscal year but the pace will slow in the next year from April 2023, Bank of Japan Governor Haruhiko Kuroda said on Monday.

But Kuroda told parliament that cost-push inflation was not expected to lead to achieving the BOJ’s 2% inflation target on a sustainable and stable basis.

(Reporting by Tetsushi Kajimoto; Editing by Kim Coghill)