BOJ chief again bangs the drum for monetary easing
He stands his ground despite the IMF and World Bank's recent consensus that the practice is losing its effect
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Tokyo
THE governor of the Bank of Japan (BOJ) has once again asserted the central bank's determination to ease monetary policy further if external shocks threaten its policy goals, despite a consensus by the International Monetary Fund (IMF) and the World Bank that monetary easing is near the end of its effectiveness.
Haruhiko Kuroda told a budgetary committee of the lower house of parliament on Wednesday: "We are prepared to ease policy again, including lowering short-term rates, if we judge that the merits of such an action outweigh the costs."
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