Bank of Japan continues to signal further easing

Tokyo

WHAT markets see as coded signals from the Bank of Japan (BOJ) that it intends to launch fresh monetary easing soon - possibly as early as this month - continued to flash on Wednesday as Japanese central bank governor Haruhiko Kuroda again stressed that Japan has not yet escaped from deflation.

His comments in an interview on public television broadcaster NHK were aired as the yen shot to a three- month high against the dollar and to several month-highs against other leading currencies in a development which, analysts say, threatens to derail Japan's economic recovery.