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BOJ still has policy options for easing

Chief Cabinet Sec says bank should continue efforts towards 2% inflation

Tokyo

THE Bank of Japan still has policy options to continue its unprecedented monetary easing, Chief Cabinet Secretary Yoshihide Suga said in an interview days after the central bank announced it wouldn't expand its main stimulus target.

"I think they still have policies they can pursue," Mr Suga said on Wednesday at his offices in Tokyo when asked about concerns the programme could be reaching its limits. "I am not at all pessimistic about this."

Mr Suga, Prime Minister Shinzo Abe's top aide, said the central bank should continue efforts to achieve its 2 per cent inflation target, and that there is no need to change the law to increase political control over the BOJ, as has been suggested by some...

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