BoJ's Kuroda: More easing not needed right now

Friday, 29. November 2019 08:23

The Bank of Japan (BoJ) is not considering further monetary easing in the near future, BoJ Governor Haruhiko Kuroda said on Friday. However, he added that the central bank has more room to cut interest rates if inflation becomes too low.

The BoJ remains committed to its 2% inflation target, Kuroda said. He also noted that the central bank is not aiming for a specific rate for the yen against other major currencies and added that the yen may not necessarily move in line with monetary policy.

Speaking before a parliamentary committee, Kuroda pointed out that Japan needs structural reforms to maintain long-term growth as well as growth-inducing fiscal and monetary policy.

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Breaking the News / VP