BOJ Kuroda: Economy recovering but consumption lacks strength

BOJ Kuroda: Economy recovering but consumption lacks strength

© Yusuke Suzuki / Reuters

"It's true that consumption isn't strong enough," Kuroda told parliament, adding that rises in wages and household income were crucial for consumers to boost spending.

Kuroda dismissed the idea of changing or watering down the BOJ's 2 percent inflation target, when urged by an opposition lawmaker to make it a long-term goal instead of one with a specific time frame.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

TOP READS FROM THE FISCAL TIMES