BloombergThe Bank of Japan (BOJ) can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system, Governor Haruhiko Kuroda said. The BOJ would ease further if momentum toward its 2 percent inflation target is lost, Kuroda said in an interview with Bloomberg TV’s Kathleen Hays in Fukuoka, Japan, where central bankers and finance chiefs from G20 nations met over the weekend. The governor said the BOJ does not need to act now, citing the health of the Japanese economy. While economic growth data released yesterday provides some support to Kuroda, inflation is still less than halfway to his goal and investors question whether the BOJ’s ultra-aggressive stimulus program is sustainable. “If the momentum to our 2 percent inflation target is lost, then of course, the Bank of Japan will swiftly respond by changing our policy,” Kuroda said.

Source: Taipei Times June 10, 2019 15:56 UTC