BOJ holds first policy meeting under new governor
TOKYO (AP) — Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh moves to ease monetary policy.
Haruhiko Kuroda took the helm at the Bank of Japan on March 19, vowing to do whatever it takes to break Japan's economy out of deflation and attain a 2 percent inflation target.
It is unclear whether the central bank meeting Wednesday and Thursday will yield fresh policy moves or if they will come in a second policy meeting later this month, once parliament gives final confirmation of Kuroda's appointment.
Kuroda and Prime Minister Shinzo Abe are already battling skepticism over whether the recovery strategy can spur enough demand to get the economy back on track, given the reluctance of companies to invest or raise wages.