BOJ Kuroda Mentions Additional Easing as Preemptive Action

Economy Politics

Tokyo, July 30 (Jiji Press)--The Bank of Japan is ready to loosen monetary policy further to keep inflation from losing its upward momentum, BOJ Governor Haruhiko Kuroda said Tuesday.

Kuroda mentioned the possibility of preemptive easing at a time when central banks in the United States and Europe are strengthening their accommodative policy stances.

"We'll take policy action without hesitation, if necessary to avoid the risk of prices losing momentum," Kuroda told a press conference after the Japanese central bank kept its current easing policy unchanged.

Previously, he had repeated his position that the BOJ would take additional easing steps if prices lose upward momentum.

"We'll conduct additional easing if that risk rises," Kuroda said at Tuesday's press conference.

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Jiji Press