BOJ’s Kuroda rebuffs view Japan heading towards deflation

 BOJ’s Kuroda rebuffs view Japan heading towards deflation

November 24, 2020

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday he did not see Japan heading towards deflation, but added he would watch service-sector consumption and capital expenditure closely.

“We expect capital expenditure to rebound, as the hit from COVID-19 eases and helps lift corporate profits,” Kuroda told a semi-annual testimony to parliament.

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

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