Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank would not hesitate to ease further while making policy adjustments as necessary to achieve its 2% inflation target, as risks from overseas economies remain large.
Kuroda also said consumer inflation, which is hovering around 0.5%, would accelerate towards the 2% target given a positive output gap and rises in inflation expectations. But it will be affected for the time being by declines in oil prices, he added.