BOJ set for more easing to reach inflation target

IN a signal read as being of key importance to financial markets, Bank of Japan (BOJ) governor Haruhiko Kuroda yesterday stressed that the central bank was ready to ease monetary policy further if the economy looked likely to fall short of its inflation target.

He also said the BOJ had no intention of discussing an "exit" policy at this stage.

At the same time, he insisted that Prime Minister Shinzo Abe's government - due to present a detailed growth strategy this month - must follow through with solid economic reforms if the country's economic recovery is not to stall.

Given that some analysts doubt that the BOJ can meet its goal of 2 per …