Monetary tightening not "suitable" at all: Bank of Japan chief Kuroda

Monetary tightening is not a "suitable" measure at all for the Bank of Japan as the domestic economy is still in the midst of a recovery from the COVID-19 pandemic while higher commodity prices are adding downward pressure, Governor Haruhiko Kuroda said Monday.Even though core consumer inflation jumped 2.1 percent in April from a year earlier, it does not mean the BOJ's 2 percent inflation target has been achieved, Kuroda said, stressing that the central bank will not waver in its aggressive monetary easing to support the economy and ensure more robust wage growth.His remarks, made at an ev…READ FULL ARTICLE