Dow Jones Newswires: BOJ will continue monetary easing for now, Ueda says, as inflation to slow soon

Dow Jones Newswires

Published: April 23, 2023 at 11:41 p.m. ET

TOKYO — Bank of Japan Gov. Kazuo Ueda said Monday that he would continue monetary easing for the time being because he expects inflation to start slowing down soon.

“Trend inflation is still below 2% so we need to continue monetary easing,” Mr. Ueda told a parliamentary committee. He said inflation would likely fall below the central bank’s 2% target in the latter half of this fiscal year ending March 2024.

The…