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BOJ will use all 3 tools to promote easy policy: Funo

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Bank of Japan board member Yukitoshi Funo said on Wednesday the central bank will proceed with ultra-loose monetary policy via aggressive asset purchases and low interest rates.

[KOBE] Bank of Japan board member Yukitoshi Funo said on Wednesday the central bank will proceed with ultra-loose monetary policy via aggressive asset purchases and low interest rates.

"The BOJ is ready to steadily promote monetary easing using all three policy tools of quantity, quality (of asset buying), as well as interest rates," Mr Funo said in a speech to business leaders in Kobe, western Japan.

He also warned that sluggish emerging market demand and volatile markets may hurt exports and capital expenditure.

A former Toyota Motor Corp executive who joined the BOJ last July, Mr Funo was among those on the nine-member board to vote for the decision in January to adopt a negative interest rate policy to prevent external risks from delaying a sustained end to deflation.

REUTERS

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