TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday that consumer inflation was expected to gradually accelerate on rising energy costs and an expected increase in demand driven by a moderate economic recovery.
“Japan’s economy is picking up as a trend, although it remains in a severe state due to the impact of the coronavirus pandemic,” Kuroda said in a speech to a quarterly meeting of the central bank’s regional branch managers.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
