Kuroda Vows He “Will Do Whatever It Takes” to Maintain 2% Inflation Target, Nikkei Still Tanks Over 2%

“March 22 (Bloomberg) — Bank of Japan (8301) Governor Haruhiko Kuroda said he’s confident in achieving a 2 percent inflation target, rebutting doubters who predict his efforts will fail as he prepares to strengthen monetary stimulus.

“We will do whatever we can to achieve the 2 percent price target at the earliest time possible,” Kuroda said yesterday in his inaugural press conference after taking the helm of the BOJ this week. Kikuo Iwata, one of two new deputies, told reporters the bank should commit to achieving the goal for consumer-price increases within two years….”

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