BOJ Kuroda: appropriate to stick with current easing framework

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June 21, 2017 2:58 AM EDT

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan June 16, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday it is important for the central bank to continue with its quantitative easing because its 2 percent inflation target remains distant.

Policymakers need to closely monitor the price trend because inflation remains weak despite a tight labor market, Kuroda said in a speech.

Kuroda also expressed confidence in overall economic growth due to strong exports and industrial production.

(Reporting by Stanley White; Editing by Chris Gallagher)


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