By Megumi FujikawaJapan is likely to continue its ultra-easy monetary policy despite recent rises in prices, according to testimony by Bank of Japan Gov. "The Bank of Japan will support the economy, which is still on the way to recover from the pandemic, by patiently continuing powerful monetary easing," Mr. Kuroda told a parliamentary committee Monday. Consumer prices rose over 2% from a year earlier in April due mainly to higher energy prices. Mr. Kuroda has repeatedly said such an inflation rate isn't sustainable. Write to Megumi Fujikawa at megumi.fujikawa@wsj.com(END) Dow Jones Newswires05-29-22 2234ET

Source: Wall Street Journal May 30, 2022 04:03 UTC