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BOJ Kuroda: No limits or obstacles to BOJ's monetary policy

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Bank of Japan governor Haruhiko Kuroda said on Thursday there were no limits or obstacles to the monetary policy the central bank was employing to meet its 2 per cent inflation target.

[TOKYO] Bank of Japan governor Haruhiko Kuroda said on Thursday there were no limits or obstacles to the monetary policy the central bank was employing to meet its 2 per cent inflation target.

The BOJ will continue with quantitative easing and negative interest rates as long as needed to achieve price stability, Mr Kuroda said at the upper house financial affairs committee.

Mr Kuroda also said the government had not officially declared an escape from deflation because it could not yet say there was no risk of a return to falling prices.

REUTERS

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