BoJ's Kuroda: must explore reasons for slow growth

Bank of Japan (BoJ) Governor Kuroda stated that the central bank must begin to investigate the possible reasons behind Japan's still-sluggish inflation and lagging wage growth.

Kuroda noted that the overall robustness of the global financial system has been greatly enhanced, and with the additional safety built into global finances, the BoJ has an urgent need to begin exploring the different reasons why wage slack and tepid inflation are still plaguing the Japanese economy, despite years of hyper-easy monetary policy.