NIIGATA, Japan, May 13 (Reuters) - Bank of Japan
Governor Kazuo Ueda said on Saturday he explained to his Group
of Seven (G7) counterparts that the central bank was continuing
with an ultra-easy monetary policy in order to achieve its 2%
inflation target in a sustainable manner.
"Core consumer inflation is now exceeding 3%, but will slow
towards the middle of the current fiscal year," Ueda told a news
conference after the meeting of finance leaders of the G7 group
of rich nations.
(Reporting by Leika Kihara; Editing by Clarence Fernandez)
Messaging: leika.kihara.reuters.com@reuters.net))
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