September 28, 2017 / 8:37 AM / in 24 days

BOJ's Kuroda: Japan's economic expansion broadening

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday the country’s economic expansion is broadening and likely to be highly sustainable.

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2017. REUTERS/Toru Hanai

But he reiterated the BOJ’s commitment to maintain its massive stimulus programme with inflation distant from its 2 percent target.

“Despite an expanding economy, prices continue to hover on a weak note,” Kuroda said in a speech at an annual meeting of securities firms.

Reporting by Leika Kihara; Editing by Chris Gallagher

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