5 Nov 2013
Kuroda says BoJ prepared to adjust policy to attain 2% inflation target
FXstreet.com (Barcelona) - BoJ Governor Haruhiko Kuroda assured today at a meeting with business leaders in Osaka that the central bank is prepared to act in order to achieve the 2% inflation objective.
"We are ready to take appropriate policy adjustments without hesitation if either upside or downside risks materialize," Kuroda declared. He added that even though it is "too early to debate exit strategy details now", the BoJ will keep the withdrawal of stimulus in mind.
Furthermore, the BoJ governor pointed out that the increase of the sales tax in Japan reduced the uncertainty over its perspectives, which is favorable for the economy. He expressed confidence that growth should pick up in the US, china and overseas countries. He also emphasized the importance of keeping forex moves stable.
"We are ready to take appropriate policy adjustments without hesitation if either upside or downside risks materialize," Kuroda declared. He added that even though it is "too early to debate exit strategy details now", the BoJ will keep the withdrawal of stimulus in mind.
Furthermore, the BoJ governor pointed out that the increase of the sales tax in Japan reduced the uncertainty over its perspectives, which is favorable for the economy. He expressed confidence that growth should pick up in the US, china and overseas countries. He also emphasized the importance of keeping forex moves stable.