Kuroda defends aggressive monetary policy against critics
The BOJ will keep up its monetary-easing moves to get to the inflation target, vows its governor
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Tokyo
THE Bank of Japan (BOJ) will continue aggressive monetary easing, insisted governor Haruhiko Kuroda on Tuesday, despite rising concerns over the impact of the central bank's policy on the yen and fears among some members of its Policy Board that the bank would be seen as "monetising" Japanese government debt.
Both concerns are likely to surface in political debate in the run-up to Japan's general election on Dec 14. Opposition political parties are expected challenge the "Abenomics" policies of prime minister Shinzo Abe's Liberal Democratic Party, which has made monetary stimulus one of its three "arrows" of fiscal policy.
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