bank of japan governor haruhiko kuroda on wednesday repeated his pledge to continue with his easing policy because the japanese economy is still recovering from the impact of the covid19 pandemic and inflation is expected to slow down next year speaking at an event hosted by the institute of international finance in washington dc mr kuroda said he expected inflation in japan to fall below the banks 2 target in the next fiscal year starting april 2023 from the current rate of around 3 we have to continue our monetary easing until we achieve the 2 target in a sustainable and stable manner mr kuroda said he added more wage growth would be needed to achieve the goal the boj governor also said that speculative moves in the yen would be negative for the economy by making it more difficult for companies to come up with business plans he said the governments recent decision to intervene in the market by buying yens was quite appropriate