Former BOJ Governor Haruhiko Kuroda Claims 2% Inflation Target Achieved

On May 2, former Bank of Japan Governor Haruhiko Kuroda stated that the Bank of Japan has achieved its 2% inflation target and that Japan does not require fiscal expansion or monetary easing policies. Kuroda indicated that in the context of coexisting inflation and risks of economic slowdown, the Bank of Japan's decision to refrain from raising interest rates on April 28 was the correct choice. (Dongxin News Agency)